Mine Restoration Investment looks at chrome deal to return from JSE wilderness

  • 📰 TheCitizen_News
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 75%

Business News News

Business Business Latest News,Business Business Headlines

MRI says it’s pursuing a transaction for the acquisition of a chrome mining company in exchange for the issue of shares.

JSE-listed Mine Restoration Investment said on Thursday it had reached consensus on certain key terms with the owners of the chrome mine it wanted to buy, but said they were still in negotiations about the transaction.

If implemented, the transaction will constitute a reverse take-over for MRI and will require a circular to shareholders, incorporating revised listing particulars.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in BUSİNESS

Business Business Latest News, Business Business Headlines