NME nex metals exploration limited
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Sept 14 (Reuters) - Metalicity Ltd (MCT) : PROPOSAL TO...

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    14/09/21
    08:50
    Post #: 56038523

    Sept 14 (Reuters) - Metalicity Ltd (MCT) :

    • PROPOSAL TO RATIONALISE OWNERSHIP OF KOOKYNIE AND YUNDAMINDRA GOLD PROJECTS INTO A SINGLE LISTED ENTITY
    • INTENDS TO MAKE OFF-MARKET ALL SCRIP TAKEOVER BID FOR ALL OF FULLY PAID ORDINARY SHARES IN ITS JV PARTNER, NEX METALS
    • OFFER TO NEX METALS SHAREHOLDERS IS 4.81 METALICITY SHARES FOR EVERY 1 NEX METALS SHARE ON ISSUE, VALUING NEX METALS EQUITY AT A$12.8 MILLION
    • OFFER IS EQUIVALENT TO ABOUT A$0.048 PER NEX METALS SHARE
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