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FDR — First Development Resources News Story

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Brief: First Development Resources Announces Strategic Divestment Of Non-Core Western Australian Assets

BRIEF-First Development Resources Announces Strategic Divestment Of Non-Core Western Australian Assets

- First Development Resources PLC FDR.L:

  • FIRST DEV. RESOURCES - STRATEGIC DIVESTMENT OF NON-CORE WA ASSETS

  • FIRST DEVELOPMENT RESOURCES PLC: STRATEGIC DIVESTMENT OF NON-CORE WESTERN AUSTRALIAN ASSETS

  • FIRST DEVELOPMENT RESOURCES PLC: EQUITY CONSIDERATION 25,000,000 FULLY PAID ORDINARY AX8 SHARES WILL BE ISSUED TO FDR AT COMPLETION

  • FIRST DEVELOPMENT RESOURCES PLC: FOLLOWING COMPLETION, FDR IS EXPECTED TO HOLD APPROXIMATELY 1.7% OF AX8'S ENLARGED ISSUED SHARE CAPITAL

Source text: ID:nRSc6245Wa

Further company coverage: FDR.L


((Reuters.Briefs@thomsonreuters.com;))

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