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