Boseto mine takeover gets creditors� nod
Friday, June 19, 2015
Pursuant to an application made by Standard Chartered Bank, Discovery Metals was early this year placed under provisional liquidation after failing to meet its financial obligations amounting to over $137 million (P1.3 billion), to various creditors.
In a meeting held in Gaborone last Friday, creditors unanimously agreed to accept an offer from Barclays backed -Cupric Canyon to take over the mine. Provisional liquidators of the mine, Deloitte, are now expected to take the matter to the High Court next week for sanctioning.
The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...