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Ibaera: Approaches Compulsory Acquisition

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Ibaera: Approaches Compulsory Acquisition

  • Azumah Resources (AZM) is nearing a compulsory takeover by Ibaera Capital
  • As of January 14, Ibaera owns 88.85 percent of Azumah’s shares
  • Ibaera has also indicated it intends to increase that number to 90 percent or more
  • Azumah’s Independent Director is encouraging shareholders to accept an offer by Ibaera before 7pm on January 17
  • Azumah Resources remains unchanged, selling for 3.3 cents apiece at market close
  • If Azumah also stays on the ASX, share prices may fall and trade at a material discount

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