Creditors approve Mowana takeover deal
Friday, November 26, 2021 | 1960 Views |
Coming soon: The process to reopen Mowana Mine has taken another critical step PIC: BWGOV
Mowana Mine’s judicial manager, John Hinchliffe, stressed that the approval by creditors was not the final step in the takeover deal.
“Please note this is an ongoing process and approval of creditors is one step in the right direction but the conclusion will not be reached until after sanction of the scheme,” he said. “Sanction will only be given if all conditions precedent are concluded.”
Smash-and-grab incidents became common at traffic lights, Automatic Teller Machine (ATM) bombings made headlines too often, cash-in-transit robberies terrified security personnel, while home invasions left families traumatised in the very places they were supposed to feel safest. The situation had reached alarming levels and threatened not only the peace of ordinary citizens, but also the country’s reputation as one of the safest and most...