Australian Potash - Case Update

Australian Potash has exited administration and been returned to the control of its directors after creditors voted to accept a DOCA proposed by managing director and chief executive Matt Shackleton.

All previous trade and other creditors (c.$4.2m) have been transferred to a creditors’ trust and off the company’s balance sheet, and all assets of the company have been preserved.

The company is now working towards resumption of trading on the ASX in March 2024.

Read the announcement here.