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Havilah Resources on the cusp of a $100 million transformation opportunity

Proactive Investors Tuesday, 13 August 2019
Havilah Resources Ltd’s (ASX:HAV) shareholders will vote in Adelaide on September 12, 2019 on GFG Alliance’s proposed $100 million investment in Havilah's iron ore and copper projects. If it proceeds, the transaction will realise a strategic and mutually beneficial partnership between the two parties. Funds would be applied via already agreed work programs on Havilah's iron ore and copper projects in northeast South Australia. Transaction rationale: Independent directors recommend a vote in favour of the proposed transaction GFG Alliance is a London-headquartered international group of businesses, founded and owned by the British Gupta Family, with annual revenue of over US$15 billion and around 15,000 staff. It combines energy generation, metal manufacturing, engineering, natural resources and financial services, working together to deliver a common business strategy. GFG has the capacity to support and facilitate the future growth of Havilah through access to global capital markets, capital investment, technical assistance and commercial offtake agreements. Opportunity to create value by voting in favour of the transaction

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