Stirling Resources Limited (ASX:SRE) Recapitalisation Proposal Accepted By Monarch Creditors

  Perth, Australia, July 2, 2009 - (ABN Newswire) - Australian resources developer, Stirling Resources Limited (ASX:SRE), announced that at a meeting of the creditors of the various Monarch companies, creditors approved the resolutions necessary to vary the Deeds of Company Arrangement to accept the Recapitalisation proposal offered by Stirling Resources Ltd.  

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