Offer for Reward Project

Offer for Reward Project

  • 0
  • August 9, 2016

On 19 July 2016, Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) advised that IMI Zinc Exploration Pty Ltd (“IZE”), a wholly owned subsidiary of IM Medical Limited (ASX: IMI) (“IMI“), had made an offer to acquire Rox’s interest in the Reward zinc-lead project in the Northern Territory for $14.8 million (“IMI Offer“).  The IMI Offer comprises $2.0 million payable in cash and the issue of IMI shares valued at $12.8 million.

The IMI Offer is subject to a 30 day exclusivity period to allow Rox to complete due diligence and remains open for acceptance by Rox until 17 August 2016.

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