About Navigator Resources Limited
Navigator Resources Limited is an Australian mining company listed on the Australian Securities Exchange trading under the symbol “NAV”. Navigator’s main assets is 100% of the Cummins Range Rare Earths Project, which is an exploration-stage project.
On 21 January 2016, the Company’s shareholders approved the resolutions to effect the proposal to restructure and recapitalise the Company. As part of the as part of the restructure and recapitalisation, the Company intends to conduct a capital raising and has appointed a new Board. Following completion of the restructure and recapitalisation, the Company will seek reinstatement to the official list of the ASX.
The Company has appointed a highly qualified Board with extensive business experience in various industries. The new Board intends to review and assess its options in relation to the Cummins Range Project including seeking advice from advisors and consultants with mining exploration experience. In addition, the new Board may pursue acquisitions that may be both complementary and non-complementary to the Company’s current business.