Mineral Resources has been cleared to take control of Chris Ellison's brother's collapsed Resource Development Group, acquiring its subsidiaries in exchange for forgiving $160 million in debt.
Mineral Resources is prepared to forgive $160 million of debt as part of a deal to acquire the companies and assets of Chris Ellison's brother's collapsed Resource Development Group.
Mineral Resources will front up to $14.5 million to fund the administration of Chris Ellison's brother's collapsed Resource Development Group, after putting brakes on funding last month.
