Aug 24 (Reuters) - Minera Gold Ltd MIZ.AX :
* Says to date the bridging finance has yet to be concluded
* Received a number of non-binding and highly conditional offers for funding and has reduced these potential proposals down to two
* Received proposal that could potentially evolve into offer to acquire all shares in MIZ via takeover offer
* Says board has engaged with a number of its existing debt and equity stakeholders
* Confident feedback from creditors is to negotiate restructure that sees co moving forward in some revised form with creditors reducing claims against co
* Says formalization of these processes will take some time
* Cash position of co currently inhibits progressing any of proposals for bridging finance or potential acquisition of co without risking insolvency
* Says board will need to consider the ongoing viability of MIZ over the course of this week
Source text for Eikon ID:nASX9Lp1D0