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Provider : Reuters Investment Profile
Provider : Wright Reports

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Nordic Mines says Finnish court has adopted composition plan proposal

Thursday, 31 Jul 2014 08:15am EDT 

Nordic Mines publ AB:Says the district court of Uleaborg has on July 31 made its decision to adopt the composition plan proposal filed with the district court by the administrator for Nordic Mines.For all unsecured creditors of the subsidiary, the composition plan implies full cash payment of receivables up to 1,000 euros (9,000 Swedish crowns).For receivables in an amount exceeding 1,000 euros, the composition plan implies that 10 percent of the aggregate amount of the receivable will be paid. 

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