UCL worth more than Minemakers' offer

TAKEOVER target UCL Resources has reiterated that shareholders should reject Minemakers’ $A21.2 million off-market takeover bid after an independent expert found the offer to be neither fair nor reasonable.

UCL worth more than Minemakers' offer UCL worth more than Minemakers' offer UCL worth more than Minemakers' offer UCL worth more than Minemakers' offer UCL worth more than Minemakers' offer

An independent expert report by Grant Thornton Corporate Finance valued the UCL shares in the range of 43.1c to 46.3c.

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