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BRIEF-Kazax Minerals controlling shareholders to buy all shares of Kazax Minerals

Published 2016-08-10, 10:53 a/m
© Reuters.  BRIEF-Kazax Minerals controlling shareholders to buy all shares of Kazax Minerals

Aug 10 (Reuters) - Kazax Minerals Inc KZX.V :

* Controlling shareholders to acquire all outstanding shares of Kazax minerals in a going-private transaction

* Control group controls an aggregate of 169.3 million Kazax shares, and holds an aggregate of us$60.1 million of debt owed by Kazax

* Newco intends to acquire 48.8 million shares of Kazax that Control Group do not already own or control, for $0.01 per share

* Agreement with 1069411 B.C. Ltd. ("Newco") whereby Newco has agreed to buy all of shares of Kazax that it does not already own Source text for Eikon: Further company coverage: KZX.V

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