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

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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.

 

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