RIOZIM Limited is seeking shareholder approval to dispose of its Renco gold mine for at least US$35 million as part of a balance sheet restructuring programme aimed at reducing debt and improving liquidity. The proposed transaction involves the sale of Renco as a going concern to an unrelated third party, including its mining claims, land,…
RioZim to dispose of Renco
At an extraordinary general meeting held virtually last week Wednesday, shareholders voted 100 percent in favour of the disposal of the gold mine to an unrelated third-party purchaser.