Brief: American Rare Earths Receives Indicative, Conditional And Non-Binding Proposal
26/04/2024 02:26
April 26 (Reuters) - American Rare Earths Ltd ARR.AX :
* AN INDICATIVE, CONDITIONAL AND NON-BINDING PROPOSAL
* HAS RECEIVED AN INDICATIVE, CONDITIONAL AND NON-BINDING
PROPOSAL
FROM A NASDAQ-LISTED SPECIAL PURPOSE ACQUISITION CO
* BOARD OF ARR ARE AWARE OF POTENTIAL BENEFITS OF THIS TYPE
OF
PROPOSAL
* IS MINDFUL OF SIGNIFICANT POTENTIAL OF HALLECK CREEK
* PROPOSAL WOULD HAVE RESULTED IN WYOMING RARE (USA) INC.
BEING
LISTED WITH SPAC AS A SEPARATE ENTITY ON NASDAQ EXCHANGE IN US
* HAS DECLINED TO ADVANCE OFFER AT THIS TIME.
Further company coverage: ARR.AX
((Reuters.Briefs@thomsonreuters.com;))
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