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MinRex Resources decides not to proceed with acquisition of Clean Power Resources

MinRex will focus on its other assets in its portfolio including gold in the East Pilbara.

ASX board
Binding Heads of Agreement terminated

MinRex Resources Ltd (ASX:MRR) has completed due diligence of Clean Power Resources Pty Ltd, and has decided not to proceed with the acquisition.

MinRex has terminated the binding Heads of Agreement in accordance with its terms.

As a result of company's decision not to proceed with the acquisition, resolutions 2 and 3 have been withdrawn from the general meeting of MinRex shareholders scheduled for Monday, 25 June 2018.

READ: MinRex Resources Ltd high-grade gold samples to map 2018 plan at East Pilbara

Quick facts: MinRex Resources Ltd

Price: 0.008 AUD

ASX:MRR
Market: ASX
Market Cap: $767.02 k
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