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The latest announcement is out from CI Resources Limited ( (AU:PRG) ).
PRL Global Limited has successfully executed a Deed of Company Arrangement (DOCA) with Centrex Ltd and its subsidiary Agriflex Pty Ltd, following a favorable vote from creditors. The agreement, which involves the acquisition of the Ardmore phosphate mine in Queensland, was contingent upon reaching terms with Aurizon, the rail haulage provider. The completion of the transaction, including the transfer of Centrex shares to PRG, is still subject to certain conditions that must be met by 31 August 2025. This development is crucial for the economic viability of the Ardmore Phosphate Mine and could significantly impact PRG’s operations and market positioning.
More about CI Resources Limited
PRG, known as PRL Global Limited, is a leading fertiliser company specializing in Australian phosphate exports. The company is committed to innovation and sustainability, aiming to deliver high-quality products to meet global demand while ensuring a prosperous future for its community, employees, shareholders, and customers.
Average Trading Volume: 53,710
Technical Sentiment Signal: Buy
Current Market Cap: A$168.5M
See more data about PRG stock on TipRanks’ Stock Analysis page.