Oct 6 (Reuters) - Minquest Ltd MNQ.AX :
* Updated on bid for wolverine zinc mine
* On 5 October 2015, the monitor posted an update on its website
* Update confirming that funds necessary for monitor to make required payments to affected creditors had been received by the monitor
* Minquest APA will not be executed and the Minquest offer to purchase the wolverine zinc mine will not proceed in its current form
* Has applied to the monitor for the refund of the CAD$233,000 deposit provided by Minquest in relation to the APA
* Court adjourned minquest's application pending the outcome of the Yukon zinc creditor restructuring plan
* Monitor has advised that payments were to be made to affected creditors on 5 October 2015
* Co's intention is to continue to vigorously explore opportunities to utilise the wolverine infrastructure to process the kona mineral resource
* Source text for Eikon ID:nASX5V5vvP