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BRIEF-Stratex International says proposed acquisition of Crusader Resources ltd
May 18, 2017 / 6:22 AM / 2 months ago

BRIEF-Stratex International says proposed acquisition of Crusader Resources ltd

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May 18 (Reuters) - Stratex International Plc :

* Signed a non-binding heads of agreement to acquire entire issued and to be issued share capital of Crusader Resources Ltd

* Crusader shareholders to be entitled to receive 6.60 Stratex ordinary shares of 1 pence each for every Crusader share held

* Board considers proposed transaction to be value accretive for both companies' shareholders Source text for Eikon: Further company coverage:

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