Aug 17 (Reuters) - Minquest Ltd MNQ.AX :
* Update on offer to acquire Wolverine Zinc Mine
* Says court appointed monitor of Yukon zinc has recommended that asset purchase agreement for wolverine zinc mine be executed with Minquest
* Supreme court of British Columbia issued orders for restructuring proposal by Yukon zinc corporation, current owners of the wolverine zinc mine
* Supreme court of British Columbia issued orders for restructuring proposal to be presented to its creditors at meeting to be held on 2 September 2015
* Says monitor's report states that it is the intention of Yukon zinc to preserve the wolverine mine in a temporary closure state
* Says Yukon zinc is currently under court protection from its creditors
* Says Minquest has put forward a proposal to the monitor to acquire wolverine for CAD$15 million
* Yukon zinc meanwhile proposed plan of compromise and arrangement which was subject of hearing in supreme court of British Columbia on 14 August 2015
* Source text for Eikon ID:nASX6X6X71