Jervois Global (ASX:JRV) said that confirmation orders have been entered as part of the group's ongoing Chapter 11 recapitalization procedure, according to a Monday filing with the Australian bourse.
On Jan. 2, the company reached a funding and recapitalization agreement with Millstreet Capital Management to provide JRV with $145 million in new pre- and post-recapitalization equity capital through a pre-packaged US Chapter 11 procedure.
The group continues to work with secured creditors to fulfill conditions for the Chapter 11 process to take effect, the filing said.
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