Raubex advances process to decide on options for its shareholding in Bauba Resources
Raubex has advised shareholders that, further to its announcement on June 1, the company has advanced the process relating to the evaluation of strategic options for its investment in diversified mining and exploration company Bauba Resources.
Raubex, in a trading statement, says the extent of any potential transaction, which may include the disposal of a partial or full interest in Bauba Resources, remains subject to ongoing discussions and the outcome of this process.
The company explains that no certainty exists that this process will result in a transaction being concluded, nor as to the terms on which any such transaction may be implemented.
Accordingly, Raubex says shareholders are advised to continue exercising caution when dealing in the company’s securities until a further announcement is made.