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WestMet settles debt restructuring terms

BELEAGUERED base metals producer Western Metals has agreed to deliver nearly 50% control of the company to US noteholders owed US$195 million.

Greg Tubby
WestMet settles debt restructuring terms

The Perth-based company has also committed to undertake its "best efforts" to raise US$20 million from the market via a renounceable rights issue. WestMet said it plans to issue a total of 740 million...

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