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Rox Resources Ltd
AUSTRALIA RXL.AX 0,19 AU$ 0,00%
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Rox Rewarded with up to $20.6 Million for Sale of Zinc Project

Publié le 24 octobre 2016

Rox Resources Limited (ASX:RXL) ('Rox' or 'the Company') wishes to announce that Teck Australia Pty Ltd ('Teck') has advised Rox that it has exercised its pre-emptive right to match the offer previously received from Marindi Metals Limited ('Marindi') ('Marindi Offer') (ASX:RXL 17 August 2016) for the purchase of Rox's minority interest in the Reward Zinc Project ( the 'Reward Project' or the 'Project') in the Northern Territory.

Pursuant to the Earn-in and Joint Venture Agreement ('JVA') between Rox and Teck, Teck retained a pre-emptive right over Rox's interest in the Project. Rox was obliged to offer to sell its interest in the Reward Project to Teck under the pre-emptive right.

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