IMX advances Tanzania graphite spin out, listing planned for May

March 16, 2016

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ASX-listed IMX Resources on Wednesday unveiled plans to spin-out its Chilalo graphite project, in Tanzania, through a transaction with its subsidiary Graphex Mining.

IMX told shareholders that the company had entered a sale and purchase agreement with Graphex Mining for all of its graphite assets, including the Chilalo project.

Category: General