We're almost there! Business rescue practitioner Rob Devereux yesterday told Business Report that documents for the merger were "just about signed", paving the way for the embattled mine to resume operations and inject the local economy.
The only outstanding document was the pre-bid deed which was required for majority shareholders to confirm that they were committed to the merger.
“Each shareholder is required to sign a pre-bid deed. This process is proving cumbersome as many of the shareholders have shares held in nominee companies all over the world and these companies are required to sign this document on behalf of shareholders,” read the report.
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