Highfield Resources (ASX:HFR) said Yankuang Energy decided to extend the sunset date under their implementation agreement to June 30 from March 31 to allow more time to satisfy the remaining conditions, according to a Wednesday filing with the Australian bourse.
The agreement includes Highfield directly or indirectly acquiring all of the issued capital of Yancoal Canada Resources, a subsidiary of Yankuang Energy.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.