NXE 0.00% 2.7¢ new energy minerals ltd

Ann: Agreement to sell remaining 50% of Balama Resources Pty Ltd, page-21

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  1. 2,005 Posts.
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    “The distribution in cash to NXE shareholders of at least 60% of the sale proceeds net of transaction costs isconsidered, in all the circumstances."

    "NXE willreceive after closing 40% of the net sale proceeds (around AUS$2.6 million to AUS$ 2.7 million)"

    So who's paying the costs of the proposed transaction?

    Also, when it's says "in all the circumstances" could this also include a pay-off to Arena, whilst NXE keeps their 40%, 2.6-2.7 million?

 
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