MTL
0.002
100%
4DS
0.01
-64.3%
KRR
0.011
57.1%
CZN
0.002
-33.3%
CHM
0.003
50%
TMK
0.002
-33.3%
LAT
0.065
38.3%
M4M
0.007
-22.2%
ANR
0.011
37.5%
QXR
0.004
-20%
AMS
0.012
33.3%
RC1
0.008
-20%
RNX
0.004
33.3%
SIS
0.004
-20%
SP3
0.032
33.3%
SPQ
0.004
-20%
CXU
0.009
28.6%
MGT
0.065
-18.8%
PEK
0.42
25.4%
THR
0.01
-16.7%
BYH
0.005
25%
VAR
0.005
-16.7%
FBR
0.005
25%
SNS
0.069
-15.9%
MRQ
0.005
25%
KCCDA
0.85
-15%
OEL
0.005
25%
EMU
0.023
-14.8%
XGL
0.028
21.7%
EM2
0.006
-14.3%
GML
0.063
21.2%
SPX
0.006
-14.3%
GLA
0.029
20.8%
WOA
0.013
-13.3%
BSN
0.047
20.5%
POD
0.04
-13%
MVL
0.018
20%
ESR
0.028
-12.5%
ZMM
0.018
20%
PET
0.007
-12.5%
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

Rex Minerals to be acquired by MACH Metals

Rex Minerals (ASX: RXM) has entered into a Scheme Implementation Deed with MACH Metals Australia (“MACH”), under which it is proposed that MACH will acquire all of the shares in Rex which it does not already own by way of a scheme of arrangement for cash consideration of A$0.47 per Rex share (“Transaction”).

  • MACH’s offer price follows a competitive global partnering process and delivers Rex shareholders a certain outcome and an accelerated realisation of value.
  • The Transaction is subject to limited conditions including FIRB approval (which has been applied for) and Rex shareholder approval. The Transaction is not subject to financing or due diligence conditions.
  • The Rex Board unanimously recommends the Transaction in the absence of a superior proposal and subject to the independent expert concluding and continuing to conclude that the Transaction is in the best interests of Rex shareholders.

Rex’s Chief Executive Officer and Managing Director, Richard Laufmann, said: “This Transaction also represents a more certain outcome for wider stakeholders in Hillside, including the local community, the South Australian Government and Rex employees who will benefit from the significant financial strength and proven track record of MACH to deliver the successful development of Hillside.”