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New World Resources Plc (NWRR.L)

NWRR.L on London Stock Exchange

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4 May 2016
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Thu, Nov 10 2016

UPDATE 1-Insolvent Czech miner OKD sues investors for $987 mln

PRAGUE, Nov 10 Czech coal miner OKD, which is under insolvency proceedings, has filed a lawsuit against its owner New World Resources (NWR) and former NWR co-owner Zdenek Bakala demanding payment of 24.5 billion crowns ($987 million).

Insolvent Czech miner OKD sues investors for $987 mln

PRAGUE, Nov 10 Czech coal miner OKD, which is under insolvency proceedings, said on Thursday it had filed a suit against its owner New World Resources (NWR) and former NWR co-owner Zdenek Bakala demanding the payment of 24.5 billion crowns ($987 million).

UPDATE 1-New World Resources shareholders approve voluntary liquidation

* New world resources says egm approves resolution for voluntary liquidation

BRIEF-New World Resources shareholders approve voluntary liquidation

* New world resources says egm approves resolution for voluntary liquidation

BRIEF-Miner NWR to hold November shareholder meeting over liquidation request

* says to hold general meeting on Nov 3 at shareholder request

BRIEF-Czech coal miner OKD creditors agree to pursue reorganisation, not bankruptcy

* Creditors committee agrees to pursue reorganisation of NWR coal mining unit OKD, company spokesman says

BRIEF-Czech court rejects claims of NWR bondholders toward NWR's insolvent mining unit OKD

* Ostrava Regional Court spokeswoman says court rejected claim by holders of bonds worth EUR 352 mln issued by OKD parent firm NWR; bonds were guaranteed by OKD; claim is the biggest receivable in OKD insolvency process

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