An update from Fenix Resources Limited ( (AU:FEX) ) is now available.
Fenix Resources Limited has announced that it will not exercise its matching rights in response to a superior proposal received by CZR Resources Ltd from North Mining Limited, Robe River Mining Co Pty Ltd, and Mitsui Iron Ore Development Pty Ltd. This decision follows CZR’s announcement of entering into transaction documents for the sale of its Robe Mesa Iron Ore Project for $75 million, leading to the termination of the Bid Implementation Agreement with Fenix and a break fee of $650,000.
More about Fenix Resources Limited
Fenix Resources Limited is a company operating in the mining industry, primarily focused on the acquisition and development of iron ore resources. The company is listed on the Australian Securities Exchange under the ticker FEX.
Average Trading Volume: 3,066
Technical Sentiment Signal: Strong Sell
Current Market Cap: €122.8M
Learn more about FEX stock on TipRanks’ Stock Analysis page.