CZR 0.00% 27.5¢ czr resources ltd

Ann: CZR Secures Strategic Tenement at Robe Mesa, page-3

  1. 4,056 Posts.
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    sounds really cheap ... obviously to small for FMG to consider commercially viable but for a minnow like CZR a major aquasition
    Still I guess that counts out FMG as suitor for a take over of CZR



    Key Transaction Terms:
    Subject to satisfaction of completion of the sale occurring:
    • CZR cash payment to Fortescue of $150,000
    • 3.3 million CZR shares
    • 1% FOB Revenue royalty covering any future production from the area of E08/2137 and mining
    licence application M(A)08/519
    • Transaction completion is subject to condition precedent (Assignment of Access Agreement which
    Fortescue has the right to waive)
 
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