ASIA

Kairiki deal unfair, but reasonable

THE sale of Kairiki Energy's Philippines assets to its major shareholder, Singapore-based IMC, is a foregone conclusion, but the mandated independent expert's report has found that while the deal is not fair it is reasonable to the explorer's smaller shareholders.

Haydn Black

If the sale doesn't go ahead Kairiki will be unable to repay its $488,000 loan with IMC which became due in April. IMC has withdrawn its support for the junior explorer, and if Kairiki isn't able to...

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