AI assistant
ARIKA RESOURCES LIMITED — M&A Activity 2021
Sep 13, 2021
64420_rns_2021-09-13_d6402ffb-13e0-4fd2-93d7-25eda91af5c2.pdf
M&A Activity
Open in viewerOpens in your device viewer
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
14 September 2021
The Company Announcements Officer The Australian Securities Exchange Level 40, 152-158 St Georges Terrace Perth WA 6000
Nex Metals Explorations Ltds shareholders should take no action on Metalicity Limited Takover Bid
Nex Metals Explorations Ltd (ASX:NME) (Nex) notes this morning's announcement by Metalicity Limited (ASX:MCT) to acquire via an off-market takeover all scrip bid of minimum 90% (subject to any future variations) of the shares in Nex that it does not already own of 4.81 Metalicity Limited (Metalicity) Shares for 1 Nex Share
Whilst there has been previous without prejudice discussions Metalicity was not solicited by Nex.
Nex will provide a further announcement when it has evaluated and assessed the terms of the Metalicity Offer.
In the interim, Nex Shareholders are advised to TAKE NO ACTION in relation to the Metalicity Offer or any documents shareholders may receive from Metalicity.
Nex will continue to operate and execute its business strategy in the ordinary course as previously flagged to the market.
This announcement is approved by authority of the Managing Director, Kenneth Allen.
Yours Faithfully
==> picture [67 x 24] intentionally omitted <==
Kenneth M Allen