Copper-Gold play Rex Minerals (RXM AU) has entered into a Scheme with MACH Australia.
MACH, wholly-owned by Indonesia's Salim Group, is offering A$0.47/share in cash, a 71% premium to last close and a decade-high.
Rex shareholder approval and FIRB are the key conditions. Rex's board is unanimously supportive. This Offer will tentatively complete late October.
Rex Minerals (RXM AU)'s Scheme With The Salim Group
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