Bens Creek Group Plc (GB:BEN) has released an update.
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Bens Creek Group Plc, the metallurgical coal mine owner, has announced an update on its Chapter 11 bankruptcy proceedings, with a new financing proposal from its largest shareholder under court review. An interim court ruling has allowed the company to access up to $2 million to maintain operations until a further hearing in June. The company has managed its finances to sustain its immediate working capital needs through to the end of May 2024.
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