KDR kidman resources limited
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News: KDR Kidman Resources Sees Cash Outflow Of $1.4 Mln In June Qtr

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    03/07/19
    18:30
    Post #: 39359242

    July 3 (Reuters) - Kidman Resources Ltd (KDR) :

    • EXPECTS CASH OUTFLOW OF APPROXIMATELY $1.4 MILLION IN JUNE 2019 QUARTER
    • IF TRANSACTION IS APPROVED BY SHAREHOLDERS, WESFARMERS SCHEME IS EXPECTED TO BE IMPLEMENTED IN SEPTEMBER 2019
    • EXPECTS CASH BALANCE AT END OF JUNE 2019 QUARTER OF APPROXIMATELY $25.6 MILLION
    • KIDMAN BOARD REPEATS ITS RECOMMENDATION THAT KIDMAN SHAREHOLDERS VOTE IN FAVOUR OF PROPOSED SCHEME
    • KIDMAN BOARD HAS NOT RECEIVED ANY COMPETING PROPOSAL FROM ANOTHER PARTY
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