News: COD Coda Minerals Says Co And Torrens Mining To Merge Via Recommended Takeover Offer

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    Feb 9 (Reuters) - Coda Minerals Ltd (COD) :

    • CODA MINERALS AND TORRENS MINING TO MERGE VIA RECOMMENDED TAKEOVER OFFER
    • TO MAKE OFFER TO ACQUIRE TORRENS WITH 0.23 NEW CODA SHARES OFFERED FOR EVERY 1 TORRENS SHARE HELD
    • TORRENS' BOARD OF DIRECTORS UNANIMOUSLY RECOMMEND THAT TORRENS' SHAREHOLDERS ACCEPT OFFER, IN ABSENCE OF A SUPERIOR PROPOSAL
    • UNDER OFFER, TORRENS' SHAREHOLDERS WILL RECEIVE 0.23 CODA SHARES FOR EVERY 1 TORRENS SHARE HELD
    • TRANSACTION IS ACCRETIVE FOR CODA
    • OFFER VALUES TORRENS' SHARES AT A$0.202 PER SHARE
    • OFFER VALUES TORRENS AT APPROXIMATELY A$23.2 MILLION EQUITY VALUE
 
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(20min delay)
Last
13.0¢
Change
-0.010(7.14%)
Mkt cap ! $32.49M
Open High Low Value Volume
12.0¢ 13.0¢ 12.0¢ $70.34K 578.7K

Buyers (Bids)

No. Vol. Price($)
2 337000 12.5¢
 

Sellers (Offers)

Price($) Vol. No.
13.0¢ 303074 1
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Last trade - 11.23am 09/09/2025 (20 minute delay) ?
COD (ASX) Chart
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