Japan’s ITOCHU takes stake in Extract

Uranium Investing

Sky News reports ITOCHU Corporation, a Japanese company has acquired a 10.3 per cent stake in Extract Resources, a Perth-based uranium explorer.
Polo will have no shareholding in Extract following this transaction, Extract said in a statement on Friday.
The acquisition is subject to approval by Polo shareholders and Australia’s Foreign Investment Review Board.
‘We welcome ITOCHU’s presence on the share […]

Sky News reports ITOCHU Corporation, a Japanese company has acquired a 10.3 per cent stake in Extract Resources, a Perth-based uranium explorer.

Polo will have no shareholding in Extract following this transaction, Extract said in a statement on Friday.
The acquisition is subject to approval by Polo shareholders and Australia’s Foreign Investment Review Board.
‘We welcome ITOCHU’s presence on the share register,’ Extract chairman Stephen Galloway said.

For complete news, click here.

acquisition australia Market News