Mantra Resources shareholders approved new conditions of the company sale
Mantra Resources shareholders approved new conditions of the company sale to ARMZ Uranium Holding
At the Extraordinary Shareholders Meeting held 20 May 2011, the shareholders of Mantra Resources Limited approved the sale of 100% of the company’s shares to ARMZ Uranium Holding Co. The agreement to implement the scheme for the acquisition of Mantra Resources Limited shares was supported by 99.96% of the votes cast. Under the terms of the deal, Mantra shareholders will receive AU$ 7.02 per share, including AU$ 6.87 in cash funds from ARMZ Uranium Holding Co. and a cash dividend of AU$ 0.15 from Mantra. The deal is expected to close in June 2011.
At the Extraordinary Shareholders Meeting held 20 May 2011, the shareholders of Mantra Resources Limited approved the sale of 100% of the company’s shares to ARMZ Uranium Holding Co. The agreement to implement the scheme for the acquisition of Mantra Resources Limited shares was supported by 99.96% of the votes cast. Under the terms of the deal, Mantra shareholders will receive AU$ 7.02 per share, including AU$ 6.87 in cash funds from ARMZ Uranium Holding Co. and a cash dividend of AU$ 0.15 from Mantra. The deal is expected to close in June 2011.