IMX Resources reminds the Company’s shareholders, that in connection with the asset restructure announced on 21 December 2015, the opportunity to apply for shares in Graphex Mining Limited under the priority offer to IMX shareholders, closes at 5:00 pm (WST) on Tuesday 26 April 2016. With strong support for the Graphex initial public offer, in order for IMX shareholders to secure Graphex shares under the priority offer [...]
IMX Resources provides the following update in relation to the liquidation of Termite Resources. As previously announced to the ASX on 16 September 2015, IMX received a letter of demand from the liquidators of Termite (the ‘Liquidators’) which provided notice of a potential claim against certain previous directors and officers of Termite as well as against IMX itself.
IMX now advises that the Liquidators have commenced [...]
IMX Resources advises that Graphex Mining, has today lodged a prospectus (the ‘Prospectus’) with the Australian Securities and Investments Commission inviting investors to subscribe for new shares under an initial public offer of Graphex shares. As previously advised, Graphex is a new wholly-owned subsidiary of the Company which, upon completion of the asset restructure announced on 21 December 2015, will own and operate [...]
IMX Resources has received further positive test results confirming the outstanding expandability of the high-quality graphite produced at the Company’s Chilalo Project in Tanzania. As part of the Memorandum of Understanding (MOU) announced on 1 February 2016, major Chinese companies China Gold Group Investment and CN Docking Joint Investment and Development have jointly commenced a period of exclusive due diligence over [...]
IMX Resources is pleased to advise that the Chilalo Graphite Project has been issued with an Environmental Certificate by the National Environment Management Council of Tanzania. This certificate is a pre-requisite for the granting of a Mining Licence. Managing Director Phil Hoskins commented, “This is a fundamental milestone in the development of our Chilalo Project and clears the way for a Mining Licence application [...]
IMX Resources advises that its plans to spin-out one of the world’s best undeveloped graphite projects into a standalone listed vehicle remains on schedule to complete in May 2016. A sale and purchase agreement has now been entered into for the sale of IMX’s graphite assets, including the Chilalo Graphite Project, to Graphex Mining Limited (‘Graphex’), a new wholly owned subsidiary of IMX, pursuant to the asset [...]
IMX Resources has unveiled a high-calibre board of directors for Graphex Mining, the new wholly-owned subsidiary of the Company, which upon completion of the asset restructure announced on 21 December 2015 will own and operate the flagship Chilalo Graphite Project. Graphex will be headed by mining veteran Stephen Dennis as Non-executive Chairman and he will be joined on the board by highly experienced resources executive [...]
IMX Resources strategy to pursue the lucrative expandable graphite market has been validated after end user testing confirmed the outstanding suitability of the flagship Chilalo Graphite Project in Tanzania to supply this high growth sector. Feedback from IMX’s targeted end user, with whom the Company is in advanced discussions, confirmed exceptional expansion rates exceeding 1,000 times, indicating that Chilalo graphite [...]
IMX Resources advises that the Company’s 1 for 3 non-renounceable entitlement offer made pursuant to the Offer Document dated 7 January 2016, closed at 5:00pm on 18 January 2016. The Company received acceptances for a total of 90,648,950 shares raising $362,596. These shares are expected to be issued on 22 January 2016, with trading to commence on 25 January 2016. The number of shares offered under the Entitlement Offer [...]
IMX Resources provides the following update in relation to the liquidation of Termite Resources NL. As previously announced to the ASX on 16 September 2015, IMX received a letter of demand from the liquidators of Termite which provided notice of a potential claim against certain directors and officers of Termite as well as against IMX itself.
Since receiving the Letter of Demand, IMX has engaged legal counsel and [...]
IMX Resources announces the commencement of a non-renounceable pro rata entitlement offer to eligible shareholders on the basis of one share at an issue price of 0.4 cents for every 3 fully paid ordinary shares to raise approximately $1.54 million. On 21 December 2015, the Company announced a proposed restructure to better realise the significant value in both its Chilalo Graphite Project and its base and precious metals [...]
IMX Resourcesis pleased to advise that its board of directors has committed to restructuring its Tanzanian asset portfolio. The Board is keen to unlock the significant value in the world-class Chilalo Graphite Project, which it believes is best achieved through the ASX listing of a focussed, standalone graphite company, with a dedicated Board and management team.
The Proposed Transaction will see the flagship Chilalo [...]
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