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Status Update as at April 25, 2019
The Monitor has received formal requests for an extension of time from Potential Bidders in order to complete further due diligence and site visits in Australia. In order to coordinate same, the Monitor has extended the letter of intent (“LOI”) Deadline to May 21, 2019 at 5:00 p.m. Pacific Time (the "Modified LOI Deadline").  An Addendum to the SISP is available on this website clicking the "SISP" tab above. 

It is the Monitor's expectation that Potential Bidders submitting an LOI by the Modified LOI Deadline will have substantively completed a greater degree of due diligence and will be prepared to move forward with negotiating and finalizing a transaction or transactions by the previously anticipated Restructuring Deadline of 5:00 p.m. Pacific Time, June 21, 2019.

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Status Update as at April 25, 2019 - by seabedmining - 04-27-2019, 03:50 PM

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