Australia  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

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
0
shares
ShareTweetSavePostSend
 

Recent related news from verified sources

Havilah Resources shareholders will vote today on $100 million SIMEC transaction

Havilah Resources Ltd (ASX:HAV) will hold an extraordinary general meeting (EGM) today to seek approval from shareholders for the proposed transaction with...
Proactive Investors

Platina Resources to discuss zinc opportunity at Proactive’s CEO Sessions

Platina Resources Ltd (ASX:PGM) recently signed a joint venture to earn a 70% interest in the Blue Moon Zinc Project in the United States. Blue Moon adds to a...
Proactive Investors

You Might Like

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.