Currently viewing Global edition

Stratex combines with LatAm producer

AIM-listed Stratex International (LN:STI) has agreed to acquire South America-focused Crusader Resources (AU:CAS) in what looks like an all-paper reverse takeover that values the Australia-listed company at A$54.2 million (US$40.3 million).

Stratex combines with LatAm producer Stratex combines with LatAm producer Stratex combines with LatAm producer Stratex combines with LatAm producer Stratex combines with LatAm producer

The Juruena gold development is a key asset for Crusader and continue to be for the merged entity

The two have signed a non-binding heads of agreement over the transaction, which would occur via a scheme of arrangement.

Stratex will offer 6.6 shares at 0.01 (US$0.

loader