Zeta Resources Ltd Updates On Scheme Of Arrangement With Kumarina Resources Limited; Announces Appointment Of Chairman
Zeta Resources Ltd announced that the scheme of arrangement, by which Zeta Resources will acquire all of the issues in Kumarina Resources Limited, is effective. On January 30, 2013, Kumarina Resources Limited announced that it had entered into an Implementation Agreement with Zeta Resources under which it was proposed that Zeta Resources would acquire all of the issued shares in Kumarina by way of a scheme of arrangement. Under Zeta Resources’ ownership, Kumarina will continue to develop business and projects in accordance with stated objectives. Zeta Resources will consider making additional investments in Kumarina to support these objectives, if required. As a wholly owned subsidiary of Zeta Resources, Kumarina’s direction and management will be entirely dictated by the Company. Zeta Resources Limited announces the appointment of Mr Peter Sullivan, Mr Martin Botha and Ms Xi Xi as non-executive Directors and the resignation of Mr Alasdair Younie and Mr Charles Jillings as non-executive Directors effective June 7, 2013. Mr Sullivan has been elected as Chairman of the Board.
Latest Developments for Zeta Resources Ltd
- Share this
- Digg this