ASX Announcement
1 September 2016
Australian Securities Exchange Code: FEL
Ordinary Shares: 255,669,629
Unlisted Options: 3,850,000
Board of Directors: Tony Sage
Non-Executive Chairman
Mark Gwynne
Executive Director
Paul Kelly
Non-Executive Director
Eloise von Puttkammer
Company Secretary
Fe Limited Contact: Mark Gwynne Executive Director Tel: +61 8 6181 9793
Corporate Office:
32 Harrogate St, West Leederville, Western Australia 6007 Australia Telephone +61 8 6181 9793
Facsimile +61 8 9380 9666
Australian Enquiries: Professional Public Relations David Tasker
Tel: +61 8 9388 0944
Mob: +61 433 112 936
Email: david.tasker@ppr.com.au
Fe Limited is an Australian domiciled mineral resources exploration and development company.
Fe Limited
ABN: 31 112 731 638
Termination of Cardinal House Group acquisition- Proposed Cardinal House Group acquisition terminated
- Fe Limited to remain focused as a mineral exploration company
Fe Limited (Company) (ASX: FEL) advises that it has terminated the proposed acquisition of 100% of Cardinal House Group Pty Ltd (Cardinal House) (Acquisition).
On 12 November 2015, the Company entered into a Share Sale Agreement (SSA) for the Acquisition that was conditional on a number of items including the finalisation of the capital raising and conditional approval to be reinstated to quotation on the Australian Securities Exchange. The Company exercises its right to terminate the SSA on the basis that there are reasonable grounds to believe the conditions precedent to the SSA cannot be met. As a result, the acquisition of Cardinal House will not proceed.
The Board believes that it is in the best interest of the Company and its shareholders to terminate the Acquisition and remain focused as a mineral exploration company.
Yours faithfully FE LIMITED
Tony Sage
Non-Executive Chairman
felimited.com.au
Fe Limited published this content on 01 September 2016 and is solely responsible for the information contained herein.
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