Nov 10 (Reuters) - Australian Renewable Fuels Ltd ARW.AX :
* Finalised a proposal with Thorney Group in relation to a recapitalisation and repositioning of company
* Company and Thorney Group have entered into an implementation deed to give effect to transaction
* Tthorney Group intends to invest alongside investors in capital raising with intention of holding Circa 20% of issued capital of co
* Transaction will involve a consolidation of company's share capital and changes to company's board Source text for Eikon: ID:nASX3QBlV3 Further company coverage: ARW.AX