Amerisur confirms 'multiple' interested parties in formal sale process

Amerisur Resources updated the market on its strategic review and formal sale process on Friday, following its announcement of the review and sale process on 19 July, which was instigated after the company said it had received interest in itself and its assets from “other industry partners”.

The AIM-traded firm said “multiple parties” had now agreed to participate in the formal sale process, through the signing of a confidentiality agreement.

It explained that participation in the formal sale process included the provision of confidential due diligence materials, and access to Amerisur management.

“The company looks forward to engaging with all potential offerors in a constructive and positive manner through the formal sale process to achieve an outcome that maximises value for all our shareholders,” the board said in its statement.

“Further updates regarding the formal sale process will be provided as appropriate.

“Shareholders are strongly advised to take no action in respect of their shares until completion of the formal sale process.”