Aug 17 (Reuters) - Pluton Resources Ltd PLV.AX :
* Payment plan in relation to the current outstanding royalty payments has been agreed with the state government
* Says been agreed Pluton will make a part payment of $1.5 million of the outstanding royalty on or before 21 August 2015
* Says balance of the outstanding royalty will be paid on or before 30 October 2015.
* Company continues to proceed with its bond offer to raise up to 50 million
* Negotiating with its unsecured creditors with the goal of agreeing an acceptable settlement for current amounts outstanding
* Outcome of these negotiations will be crucial and may determine whether the company can continue as a going concern
* Is in process of considering alternative options to source funding for repayment of creditors and future capital expenditure
* Says cockatoo island has now been placed back into care and maintenance pending the outcome of the creditor negotiations
* General Nice resources indicated negotiations will affect the availability and terms of the proposed bridge financing arrangement
* Source text for Eikon ID:nASXcfhMhF
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