PRL Global Says Conditions Precedent Met for Centrex, Agriflex, Queensland Phosphate Mine Acquisition

MT Newswires Live

Sep 04

PRL Global (ASX:PRG) said all conditions precedent for the acquisition of Centrex (ASX:CXM), unit Agriflex, and the Ardmore phosphate mine in Queensland have either been satisfied or waived as of the contractual sunset date on Wednesday, according to a Thursday Australian bourse filing.

The transaction will be effectuated within the next five business days, at which time PRL will acquire all issued shares in Centrex and Agriflex.

Key logistics terms have been negotiated, and the final contracts will follow shortly, the filing added.

The remobilization of the mining operations is underway.

PRL's shares fell over 1% in recent trading on Thursday.

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