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Chameleon receivership decision due tomorrow

CHAMELEON Mining will know tomorrow whether its gamble on ditching its arrangement with litigation funder International Litigation Partners in favour of a deal with Tony Sage’s Cape Lambert Resources has paid off, with the Supreme Court of NSW due to rule on ILP’s move to place the company in receivership tomorrow.

Nick Evans
Chameleon receivership decision due tomorrow

ILP moved to place Chameleon in receivership two weeks ago, alleging the Chameleon deal with Cape Lambert had breached the terms of a $20m fixed and floating charge the Singapore-based company secured...

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