BRIEF-Hamilton Locke Announces Fenix Resources's Off-Market Takeover Bid For CZR Resources

Reuters

02/25

Feb 25 (Reuters) - HAMILTON LOCKE:

FENIX RESOURCES’S OFF-MARKET TAKEOVER BID FOR CZR RESOURCES
OFFER FOR SCRIP CONSIDERATION OF 0.85 FENIX SHARES FOR EVERY 1 CZR SHARE
BASE OFFER CONSIDERATION INCREASES TO 0.98 FENIX SHARES FOR EVERY CZR SHARE HELD IF FENIX ACQUIRES A 75% RELEVANT INTEREST
CZR BOARD UNANIMOUSLY RECOMMENDS THAT SHAREHOLDERS ACCEPT THE OFFER

Further company coverage: CZR.AX

((Reuters.Briefs@thomsonreuters.com;))

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