Resolute shareholders back restructure

RESOLUTE Ltd shareholders overwhelmingly approved the company's scheme of arrangement this week, delivering 41% of its shares to Citicorp Nominees, which is controlled by Sydney businessman Duncan Saville through a Milan-based fund.

The scheme of arrangement - which will result in Resolute ordinary shares and preferential shares being repackaged into a soon-to-be-listed vehicle, Resolute Mining Ltd (RML) – awaits Western