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Havilah Resources sets date for shareholder vote on proposed $100 million investment

The extraordinary general meeting relating to the transformational GFG Alliance investment plan will be held on September 12.

Cap in hand full of money
The funds would be applied to work on iron ore and copper projects

Havilah Resources Ltd (ASX:HAV) has set the date for a shareholder vote on the GFG Alliance’s proposed $100 million investment in Havilah's iron ore and copper projects.

With an independent expert’s report (IER) and regulatory reviews of the notice of meeting (NOM) regarding the proposed transaction completed, shareholders will vote in Adelaide on September 12, 2019.

READ: Havilah Resources has about 55% upside potential from current share price levels: State One Stockbroking

The NOM has been sent for printing in preparation of its dispatch ahead of the extraordinary general meeting (EGM) relating to the proposed transaction.

This document will be dispatched to shareholders on August 9, 2019.

READ: Havilah Resources shares surge on confirming 488-metre iron formation at Grants Basin

If it proceeds, the transaction will realise a strategic and mutually beneficial partnership between the two parties.

Funds would be applied via already agreed work programs on Havilah's iron ore and copper projects in northeast South Australia.

Quick facts: Havilah Resources Ltd

Price: 0.081 AUD

Market: ASX
Market Cap: $20.72 m

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