creation of a new mid tier company, page-14

I was looking at "Egoli"
Apparently they say the company is valued at $625 million

that is a 22% premium to the closing price of $2.25

$2.74

But could be wrong.

check out the article
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It says the company

Consolidated Minerals Limited (CSM) today said it was teaming up with Pallinghurst Resources Fund LP and AMCI to create a new mid-tier mining company to compete in the Australian and international resources sector. The new company would be 60%-owned by an investment vehicle of Pallinghurst Resources and AMCI and 40% by existing Consolidated Minerals shareholders. CSM said the transaction would accelerate delivery of its production targets and project pipeline. Under the proposal, CSM shareholders would receive $1.38 cash per share as well as scrip in the new company. The company said the cash and scrip offer is a significant premium to the price of Consolidated Minerals shares prior to market speculation it was in discussions with a third party with respect to a potential transaction. This values the company at an enterprise value of $625 million. The new company would continue to be named Consolidated Minerals Limited and will be headquartered in Perth.