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CZR Resources Ltd ( (AU:CZR) ) just unveiled an announcement.
Fenix Resources Ltd has issued a second supplementary bidder’s statement regarding its off-market takeover offer for CZR Resources Ltd. However, CZR Resources has received a superior proposal from North Mining Limited and its partners for the acquisition of its Robe Mesa Iron Ore Project, leading CZR’s board to withdraw its recommendation for Fenix’s offer. Consequently, the agreement between Fenix and CZR has been terminated, with CZR required to pay a break fee and repay outstanding loans.
More about CZR Resources Ltd
YTD Price Performance: 38.10%
Average Trading Volume: 580,131
Technical Sentiment Signal: Sell
Current Market Cap: A$68.65M
For detailed information about CZR stock, go to TipRanks’ Stock Analysis page.