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Mkango Announces Conditional Acceptance Of Talaxis Transaction By TSX Venture Exchange Subject Only To Shareholder Approval
Dec. 12, 2017 08:59AM PST
Rare Earth InvestingMkango Resources (AIM/TSX-V: MKA) (the “Company” or “Mkango”) is pleased to announce that the TSX Venture Exchange (“TSXV”) has conditionally accepted the transaction (“Transaction”) announced on 16 November 2017 with Talaxis (“Talaxis”), a wholly owned subsidiary of Noble Group, subject to shareholder approval, such vote to exclude the shares in Mkango held by Talaxis (“Minority …
Mkango Resources (AIM/TSX-V: MKA) (the “Company” or “Mkango”) is pleased to announce that the TSX Venture Exchange (“TSXV”) has conditionally accepted the transaction (“Transaction”) announced on 16 November 2017 with Talaxis (“Talaxis”), a wholly owned subsidiary of Noble Group, subject to shareholder approval, such vote to exclude the shares in Mkango held by Talaxis (“Minority Approval”).
William Dawes, Chief Executive Officer of Mkango, said:
“We are very pleased to announce conditional acceptance by the TSX Venture Exchange, following which we have a definitive timetable for the transaction.
On shareholder approval and receipt of £6 million investment by Talaxis, the Company will commence the initial phase of the feasibility study, including mobilization for an extensive infill, geotechnical and exploration drilling programme starting in the second quarter of 2018, in parallel with ongoing processing flow sheet optimisation and work in relation to the Environmental, Social and Health Impact Assessment.”