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Shareholders derail AMR takeover of Kasbah

By:  
Creamer Media Senior Deputy Editor: Australasia
 
CORPORATE ACTIVITY
The Federal Court of Australia has dismissed ASX-listed Kasbah Resources’ application to merge with TSX-V-listed Asian Mineral Resources (AMR). The court also ordered Kasbah to pay the “reasonable costs” of the shareholders who had objected to the AMR merger, including up to 50% of reserved costs from a previous interlocutory hearing brought by the objecting shareholders.
 
 
 
 
 

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