Dec 4 (Reuters) - Macarthur Minerals Ltd MMS.V :
* Due to "prevailing iron ore price", "pessimistic outlook" for iron ore
market, WDR secured debt acquisition will not be proceeding
* Says resignation of Joe Phillips, CEO and executive director, and Mr Earl
Evans, non-executive chairman
* Says board will now comprise of Cameron Mccall as non-executive chairman, David Taplin as CEO and company secretary
* Source text for Eikon ID:nCCN5QFvJP
* Further company coverage MMS.V