| Completion of Chilalo sale clears way for Graphex listing | |
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bae77487-7558-4dae-9889-2d4b657b54c6.pdf
31 May 2016
IMX AND GRAPHEX COMPLETE AGREEMENT FOR SALE OF CHILALO GRAPHEX LISTING SET FOR 14 JUNE
IMX Resources Limited (ASX: IXR) ('IMX' or the 'Company') is pleased to advise that the conditions precedent to the sale of the Chilalo Graphite Project (and other graphite tenements) to Graphex Mining Limited ('Graphex') have been satisfied.
As a result, the in-specie distribution of Graphex shares to IMX shareholders and the issue of Graphex shares to subscribers under the initial public offering can now take place. A timetable for the listing of Graphex is set out below, with a proposed date of 14 June 2016 for commencement of trading on the ASX. Graphex has been assigned the ASX code: GPX.
Event
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Date
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Completion of Acquisition Agreement
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30 May 2016
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Ex-date for In-specie Distribution
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3 June 2016
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Record date for In-specie Distribution
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6 June 2016
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Completion of In-specie Distribution
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7 June 2016
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Issue of Shares and Loyalty Options under the Offers
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8 June 2016
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Despatch of holding statements
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8 June 2016
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Expected date for Shares to commence trading on ASX
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14 June 2016
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PHIL HOSKINS
Managing Director
For further information, please contact: Phil Hoskins - Managing Director
Tel: +61 8 9388 7877
Media
Michael Weir & Richard Glass - Citadel-MAGNUS Tel: +61 8 6160 4900
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Stuart McKenzie - Commercial Manager and Company Secretary Tel: +61 8 9388 7877
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Joint Lead Managers Palladion Partners Rod Clarkson
Tel: + 61 2 9002 5415
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RM Corporate Finance Nathan Barbarich
Tel: + 61 (0) 403 185 194
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IMX Resources NL
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DEVELOPMENT STAGE |
CODE : IXR.AX |
ISIN : AU000000IXR2 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
IMX Resources NL is a nickel and copper development stage company based in Australia. IMX Resources NL develops nickel, copper and iron in Australia, and holds various exploration projects in Australia and in Tanzania. Its main asset in development is CAIRN HILL in Australia and its main exploration properties are KANGAROO in Canada, LUWUMBU, NTAKA, MIBANGO and NYATI in Tanzania and MUSGRAVE, BLACK HILL, MT WOODS and MT PAISLEY in Australia. |