Rutila Resources and Lemur Resources have both received ticks of approval by independent experts for their respective off-market takeover offers by foreign bidders.
UK-based Bushveld Minerals has launched its second takeover bid for local coal explorer Lemur Resources in two years, this time proposing to acquire all the shares it doesn't own in the business for about $10.9 million.
Lemur Resources executive director Anthony Viljoen has been appointed as chief executive officer, following the resignation of non-executive chairman Marcello Cardaci.
African coal explorer Lemur Resources non-executive director Marcello Cardaci will act as interim non-executive chairman, following the resignation of managing director Blair Sergeant.
OFTEN overlooked in the chest-thumping world of corporate finance are the accounting firms that perform many of the transactional elements of each deal.
Perth-based explorer Lemur Resources has signed an agreement with the Madagascan government to explore the development of a coal-fired power station to power its Imaloto coal project.
Perth-based coal explorer Lemur Resources has been admitted to the Australian Securities Exchange's official list, after its $25 million initial public offering closed oversubscribed.
Perth-based coal explorer Lemur Resources has applied to list on the Australian Securities Exchange, after its $25 million initial public offering was oversubscribed.
