Update

Details

Published: Friday, 12 August 2016 16:58

Yankuang Complete Purchase with BRL For 100% Control of Felicitas and Fortuna Resources.

Money has changed hands, shares bought back and Yankuang representative resigns from the BRL board.

Bauxite Resources Limited advised the ASX today that completion of the Yankuang takeover of BRL’s interests in the Felicitas and Fortuna resources was completed and reads as follows.

COMPLETION OF SALE OF YANKUANG JOINT VENTURE INTEREST AND BUY-BACK OF SHARES

Bauxite Resources Limited (‘BRL’) advises that completion of the sale of BRL’s interest in the Bauxite Alumina Joint Ventures (‘BAJV’), and the Buy-back of all of Yankuang’s shares in BRL, occurred this morning following BRL Shareholder approval of the transaction at the EGM held on 18th January 2016.

Click on this HotCopper link to read the full release.

If ever there was any doubt as to whether or not this would actually happen, it has well and truly been dispelled.

We can no longer keep our heads in the sand, we must continue to fight to protect our Darling Scarp or over time all will be lost!

“Together We Will Be Heard”

AHMAG