RXL 3.13% 15.5¢ rox resources limited

Ann: MZN: Shareholder Update, page-10

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  1. 14,254 Posts.
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    so MZN say "on or about 16 August 2016" they started the aqusition deal with RXL - Teck then had I think 60 and 30 days to do something

    MZN then announced Marindi notes the Rox Resources Limited (ASX: RXL; “Rox”) Teck Australia Pty Ltd (“Teck”) has on 12 October 2016 exercised it pre-emptive right under the Earn-in and Joint Venture Agreement between Rox and Teck (“JVA”)

    I count 57 days maybe someone else wants to double count

    actually from the MZN announcement

    Marindi announced a Binding Heads of Agreement with Rox on 16 August 2016 to acquire its 49% interest in the Reward Joint Venture with Teck. Under the terms of the JVA, Teck had a pre-emptive right to match Marindi’s offer within 60 days of 16 August 2016

    MZN sound like clowns
 
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