The embattled Club Coffs is set to remain open following a creditors meeting today.
The sport and recreation club was in danger of being wound up but creditors have voted to accept a $1.1-million loan from a superannuation company to keep it trading.
Club CEO Carl Mower said,”The Club’s obviously been able to obtain finance and it’s a new lease of life for Club Coffs on West High to go forward.”
Creditors will be reimbursed 84 cents in the dollar.
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