Brief: Fenix Resources Says Fenix Acquires Mid-West Haulage Business-

Fenix Resources

21/06/2022 02:33

June 21 (Reuters) - Fenix Resources:
    * FENIX ACQUIRES MID-WEST HAULAGE BUSINESS-
    * UPFRONT CONSIDERATION OF A$7.5 MILLION IN CASH AND 30
MILLION
FENIX ORDINARY SHARES
    * SIGNED DEFINITIVE AGREEMENTS TO ACQUIRE NEWHAUL'S 50%
INTEREST
IN HAULAGE JOINT VENTURE
    * TRANSACTION IMMEDIATELY VALUE ACCRETIVE ON AN EARNINGS PER
SHARE
AND DIVIDEND PER SHARE BASIS
    * FENIX TO RECEIVE 100% OF PROFITS AND CASHFLOWS FROM
HAULAGE
BUSINESS POST COMPLETION

Source text for Eikon:  ID:nASX9lSKTR 
Further company coverage:  FEX.AX 

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