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FENIX RESOURCES LTD — Capital/Financing Update 2016
Nov 9, 2016
64910_rns_2016-11-09_4b207bf2-ef5d-434e-bf20-45d82dd8d6ef.pdf
Capital/Financing Update
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ASX ANNOUNCEMENT
10 November 2016
RE: ACQUISITION OPPORTUNITY
Emergent Resources Limited ( Company ) advises that further to the Company’s announcement on Friday, 4 November 2016, the Directors have been unable to reach commercial terms with the vendors of the Hong Kong based copper recycling business. Accordingly, the Company has ceased all negotiations and activities and will not be pursuing the potential acquisition.
The Company notes that its 80% interest in the Beyondie Iron Ore Project (E52/2215) remains in good standing. The Company intends to commence further assessment and field evaluation work at the Beyondie Iron Ore Project in the near term as the Board also continues to evaluate acquisition opportunities.
Matthew Foy Company Secretary Emergent Resources Limited
Emergent Resources Limited ABN 68 125 323 622 (ASX-EMG) Level 2, Office J, 1139 Hay St, West Perth, WA 6005 Phone: +618 9486 4036 Fax: +618 9486 4799 Website: www.emergentresources.com.au email: [email protected]