Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Dual-listed African Eagle Resources on Thursday announced plans to buy Lime-Chem Resources (LCR) for $6-million, less the value of net debts and trade and other payables owed by LCR. The company, for which AltX and Aim trading was currently suspended, entered into a conditional agreement that would see it own 74% of LCR, with the remaining 26% to be held by a black economic-empowerment partner, which the company was currently seeking.
Dual-listed African Eagle Resources on Thursday announced plans to buy Lime-Chem Resources (LCR) for $6-million, less the value of net debts and trade and other payables owed by LCR. The company, for which AltX and Aim trading was currently suspended, entered into a conditional agreement that would see it own 74% of LCR, with the remaining 26% to be held by a black economic-empowerment partner, which the company was currently seeking.
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