Strandline’s Jacana acquisition expected within six weeks following shareholder approval

By Kasia Patel
Published: Thursday, 17 September 2015

Now that Strandline has received the necessary shareholder approval for the purchase of Jacana’s JRT subsidiary, the only remaining hurdle is the go-ahead from Jacana shareholders. Anticipated for completion in the next four to six weeks, the acquisition will secure Strandline’s minsands dominance in Tanzania.

ASX-listed Strandline Resources has received all the necessary shareholder approvals to proceed with its previously announced acquisition of a subsidiary owned by Jacana Minerals, a Tanzanian-focused mineral sands explorer.

Subject to no material adverse conditions arising in relation to Strandline, Jacana or its Jacana Resources (Tanzania) subsidiary (JRT), the only...

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