Strandline’s Jacana acquisition expected within six weeks following shareholder approval
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
Subject to no material adverse conditions arising in
relation to Strandline, Jacana or its Jacana Resources
(Tanzania) subsidiary (JRT), the only...