Minemakers board rejects UCL offer

The directors of ASX- and TSX-listed Minemakers have unsurprisingly advised shareholders to reject a counter-takeover offer from joint venture (JV) partner UCL Resources. At the end of last week, UCL launched a takeover offer from Minemakers,...

UCL launches counter offer for Minemakers

In a reversal of roles, ASX-listed UCL Resources on Friday launched a counter takeover offer for its Sandpiper joint venture (JV) partner Minemakers. UCL, which had consistently been rejecting Minemakers takeover efforts, on Friday offered one of...

UCL rejects Minemakers' increased offer

The board of ASX-listed UCL Resources on Wednesday advised shareholders to reject the improved offer from joint venture (JV) partner Minemakers. Earlier this week, Minemakers upped its share offering from 9 to 13 shares for every 10 UCL share held.

Minemakers increases offer for UCL

Phosphate hopeful Minemakers has increased its takeover offer for joint venture partner UCL Resources, and has removed most of the defeating conditions to the offer. Minemakers on Tuesday increased its offer from nine shares for every ten UCL...

UCL sells off 15% stake

Takeover target UCL Resources on Wednesday signed a memorandum of understanding to secure a new cornerstone investor to fund its share of the predevelopment costs for the Sandpiper phosphate project, in Namibia. UCL was looking to sell off a 15%...

Minemakers extends UCL offer

Phosphate developer Minemakers has extended its takeover offer for joint venture (JV) partner UCL Resources until May 8. However, the miner noted that while it had applied for relief from the Australian Securities and Investment Commission (ASIC)...

Minemakers offer too low - UCL

Takeover target UCL Resources had advised shareholders to reject advances by fellow listed Minemakers, after an independent expert valued UCL shares at higher than the offer price. In February this year, phosphate developer Minmakers launched a...

UCL's shareholders reject offer, Minemakers still positive

Takeover target UCL Resources on Friday reported that its largest shareholder Twynam Agricultural Group, and its fourth-largest shareholder Donwillow would not accept the unsolicited takeover offer by fellow listed Minemakers. Earlier this month,...

UCL board rejects Minemakers offer

The board of takeover target UCL Resources has rejected an offer from Namibia-focused marine phosphate miner Minemakers. Earlier this month, Minemakers made an all-share takeover offer for its joint venture partner, offering shareholders nine...

Minemakers bids for Sandpiper JV partner UCL

Phosphate developer Minemakers said on Monday it was proposing to buy the outstanding shares in ASX-listed joint venture (JV) partner UCL Resources through an off-market takeover bid. Minemakers and UCL are jointly developing the Sandpiper...

EIA submitted for Namibia marine phosphates project

ASX- and TSX-listed Minemakers has submitted a draft environmental-impact assessment (EIA) and draft environmental management plan (EMP) for the marine component of its proposed Sandpiper phosphate project, in Namibia. The report, lodged with the...