Brief: Hamilton Locke Announces Fenix Resources's Off-Market Takeover Bid For CZR Resources

Fenix Resources

25/02/2025 01:33

Feb 25 (Reuters) - HAMILTON LOCKE:
    * FENIX RESOURCES’S OFF-MARKET TAKEOVER BID FOR CZR
RESOURCES
    * OFFER FOR SCRIP CONSIDERATION OF 0.85 FENIX SHARES FOR
EVERY 1
CZR SHARE
    * BASE OFFER CONSIDERATION INCREASES TO 0.98 FENIX SHARES
FOR
EVERY CZR SHARE HELD IF FENIX ACQUIRES A 75% RELEVANT INTEREST
    * CZR BOARD UNANIMOUSLY RECOMMENDS THAT SHAREHOLDERS ACCEPT
THE
OFFER

Further company coverage:  CZR.AX 

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