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ARIKA RESOURCES LIMITED — M&A Activity 2021
Oct 31, 2021
64420_rns_2021-10-31_53a0dd51-51aa-4ccc-af6c-3c1f65d16442.pdf
M&A Activity
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Address: 45 Guthrie St Osborne Park, WA, 6017 Postal: PO Box 6731 East Perth, WA, 6892, Australia Phone: 61 8 9221 6813 Fax: 61 8 9221 3091 Email: [email protected]
ABN: 63 124 706 449
29 October 2021
The Company Announcements Officer The Australian Securities Exchange Level 40, 152-158 St Georges Terrace Perth WA 6000
TARGET STATEMENT
Nex Metals Explorations Ltd (Nex or the Company) attached the Target Statement as required under part 6.5 of Chapter 6 of the Corporations Act in response to Metalicity Limited (ASX: MCT) off-market takeover offer for 90% of the issue securities of Nex.
The Company’s directors recommend you reject the offer as we believe the bidder’s statement lacks pertinent information which the Company has been attempting to secure from Metalicity for some time.
The Company will issue a supplementary Target Statement in the next seven days.
Yours Faithfully
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Kenneth M Allen