Mutiny Gold (ASX:MYG) has now dispatched its Target Statement where the directors have recommended the Doray Minerals (ASX:DRM) bid.
Doray would look to acquire all of the shares of Mutiny on the basis of one Doray share for every 9.5 Mutiny shares.
Currently, Doray has a stake of 18.68% of Mutiny.
In late October when the deal was announced, this valued Mutiny shares at $0.054, or an enterprise value of $44 million.
Mutiny closed last night at $0.029.
The companies have said that the merger with create a leading, mid-tier high-grade Western Australian gold company with substantial growth prospects and forecasts annualised production of around 160,000 AuEq from commissioning of the Deflector Project.
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$1.10 |
Change
-0.005(0.45%) |
Mkt cap ! $102.1M | |||
| Open | High | Low | Value | Volume |
| $1.10 | $1.13 | $1.10 | $12.65K | 11.39K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 16223 | $1.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.13 | 998 | 1 |
View Market Depth
| Last trade - 15.20pm 29/07/2025 (20 minute delay) ? |
| MYG (ASX) Chart |