Tharisa delays completion of Zimbabwe chrome project acquisition
Source - SMW
Tharisa delayed the completion of a deal to buy a 90% stake in the Salene chrome prospect in Zimbabwe as it discusses tweaks to the deal with Leto Settlement.
'Since the original announcements were made, the parties to the agreement have continued discussions as to the optimisation of certain aspects of the transaction structure,' the company said.
'Tharisa envisages that the successful outcome of these discussions will result in the economic benefits of the transaction to Tharisa being substantially the same.'
A circular was initially intended to be sent to shareholders by 16 August.
'A further announcement in this regard will be made as soon as practicable,' Tharisa said.
At 9:42am: (LON:THS) Tharisa Plc share price was 0p at 99p