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CZR Resources Ltd ( (AU:CZR) ) has shared an update.
Fenix Resources Ltd has announced the execution of Option Cancellation Deeds and Performance Right Cancellation Deeds with nearly all CZR Resources Ltd option holders and all performance right holders. This move is part of Fenix’s off-market takeover bid to acquire all CZR shares, offering CZR shareholders 0.85 Fenix shares per CZR share, increasing to 0.98 shares if Fenix secures a 75% interest by March 21, 2025. The CZR board unanimously recommends shareholders accept the offer, with major shareholder Mark Creasy also indicating support, provided no superior proposal emerges.
More about CZR Resources Ltd
YTD Price Performance: 21.43%
Average Trading Volume: 341,248
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$60.37M
For an in-depth examination of CZR stock, go to TipRanks’ Stock Analysis page.