Bauxite Resources Limited ('BRL') advises the final agreements were signed today with Yankuang Resources Pty Ltd (Yankuang) and Yankuang Group Company Ltd ('YGL')') for the sale of Bauxite's interest in the Bauxite Alumina Joint Venture, and the Buy-back of Yankuang's shares. The transaction is conditional on BRL Shareholder approval and State-Owned Assets Supervision and Administration Commission of the Peoples Republic of China ('SASAC') approvals. BRL will plan to hold an Extraordinary General Meeting to seek shareholders approval of the transaction on Monday 18th January 2016, and it is expected completion will occur shortly after this date once final approvals are received. KEY TERMS OF THE TRANSACTION
$1.15 million; | DATE: 30 November 2015 ASX Code: BAU BAUXITE RESOURCES LTD ABN: 72 119 699 982 DIRECTORS: Robert Nash Non Executive Chairman Luke Atkins Non Executive Director Cunliang Lai Non Executive Director Neil Lithgow Non Executive Director Zhaozhong Wang Non Executive Director Sam Middlemas Chief Executive Officer and Company Secretary Head Office: Level 2, Building E Garden Office Park 355 Scarborough Beach Rd Osborne Park WA 6017 Mail: PO Box 1315 Osborne Park WA 6916 T: +61 8 9200 8200 F: +61 9 9200 8299 E: admin@bauxiteresources.com.au W: www.bauxiteresources.com.au Share Registry: Security Transfer Registrars PO Box 535 Applecross WA 6953 T: +61 8 9315 2333 F: +61 8 9315 2233 |
For further company details please visit www.bauxiteresources.com.au or contact:
Bauxite Resources Ltd Sam Middlemas, CEO Tel: (08) 9200 8200Mb: 0419 936 040
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