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Fenix Resources’ $75M Takeover Bid for CZR Resources Fails to Secure Shareholder Backing

4:52am on Monday 2nd of June, 2025 AEST Mining
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Fenix Resources’ $75M Takeover Bid for CZR Resources Fails to Secure Shareholder Backing

4:52am on Monday 2nd of June, 2025 AEST
Key Points
  • Fenix Resources’ takeover bid for CZR Resources closed on April 29, 2025
  • Minimum acceptance condition of 75% of CZR shares was not met
  • Offer has lapsed; all acceptances are voided
  • Shareholders retain full ownership and trading rights of their CZR shares
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