Brief: Mount Gibson Iron To Divest Mid-West Assets

MGX Resources

29/06/2023 02:14

June 29 (Reuters) - Mount Gibson Iron Ltd  MGX.AX :
    * TO DIVEST MID-WEST ASSETS
    * CONSIDERATION TO BE RECEIVED BY MOUNT GIBSON COMPRISES AT
LEAST
A$25 MILLION
    * WILL DIVEST ITS MID-WEST IRON ORE MINING AND
INFRASTRUCTURE
ASSETS TO FENIX RESOURCES LIMITED
    * CONSIDERATION IN FORM OF A$10 MILLION IN CASH AND 60
MILLION
ORDINARY FENIX SHARES

Source text for Eikon:  ID:nASX4qCLFW 
Further company coverage:  MGX.AX 

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