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ASX Code: MRR27 September 2023LESS THAN MARKETABLE PARCEL SHARE SALE FACILITY Min Rex Resources Limited (ACN 151 185 867) (Company) is pleased to announce its establishment of a share sale facility
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01
Research the current market value of the parcel.
02
Determine the reasons why the parcel may be considered less than marketable (e.g. lack of access, environmental issues, zoning restrictions).
03
Obtain any necessary documentation or reports to support the value of the parcel.
04
Consider ways to improve the marketability of the parcel, such as obtaining necessary permits or approvals.
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Price the parcel accordingly to reflect its less than marketable status.

Who needs less than marketable parcel?

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Developers or investors who are willing to take on the challenges of improving the parcel's marketability.
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Individuals looking for a unique property at a potentially discounted price due to the parcel's less than marketable status.
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Less than marketable parcel refers to a piece of land that is below the market value or does not have the characteristics to be easily sold or developed.
Property owners or individuals who own land that is considered less than marketable parcel may be required to file certain documents or reports with the relevant authorities.
Less than marketable parcel forms can typically be filled out online or submitted in person at the designated office. The forms may require details about the property, its value, and the reason it is classified as less than marketable.
The purpose of reporting less than marketable parcel is to provide transparency and information to the authorities about properties that may have limitations or challenges in terms of marketability.
Information that may need to be reported on less than marketable parcel includes details about the property, its location, current value, and any restrictions or issues that make it less marketable.
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