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BRIEF-Rox Resources Updates On Nickel Asset Divestment

Published 01/02/2021, 11:41 am
Updated 01/02/2021, 11:42 am
© Reuters.

Feb 1 (Reuters) - Rox Resources Ltd RXL.AX :

* UPDATE ON NICKEL ASSET DIVESTMENT

* EXAMINING STRAIGHT SALE OF NICKEL ASSETS OR SPIN OUT TO SHAREHOLDERS VIA A NEW ASX LISTED COMPANY

* PROGRESSING POSSIBLE THIRD PARTY SALE OF NICKEL ASSETS AND SPIN OUT OF ASSETS TO SHAREHOLDERS IN NEW CORPORATE ASX-LISTED VEHICLE.

* DUE DILIGENCE & PREPARATORY DOCUMENTATION FOR POTENTIAL SPIN-OUT ARE ALREADY SIGNIFICANTLY ADVANCED

* INTENDS TO FINALISE PREFERRED PATH FORWARD AND UPDATE MARKET IN Q2

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