July 5 (Reuters) - Genesis Minerals Ltd (GMD) :
- ACQUISITION OF DACIAN GOLD AND CAPITAL RAISING
- DEAL VIA A UNANIMOUSLY RECOMMENDED CONDITIONAL OFF-MARKET TAKEOVER OFFER
- UNDER OFFER, DACIAN SHAREHOLDERS TO RECEIVE 0.0843 GENESIS SHARES FOR EACH DACIAN SHARE
- INTENDS TO CONDUCT A STRATEGIC REVIEW OF MT MORGANS IN DECEMBER HALF OF 2022
- CONTINUES TO EVALUATE NUMEROUS REGIONAL OPPORTUNITIES AND DISCUSSIONS WITH ST BARBARA
- DACIAN SHAREHOLDER PERENNIAL ENTERED INTO BINDING PRE-BID ACCEPTANCE AGREEMENT OVER 76.4 MILLION DACIAN SHARES
- CONSOLIDATION WITH ST BARBARA OFFERS POTENTIAL TO CREATE ENTITY WITH DOMINANT RESOURCE AND RESERVE POSITION IN LEONORA
- ENTERED INTO A CONDITIONAL PLACEMENT AGREEMENT WITH DACIAN TO ACQUIRE A 10.2% INTEREST IN DACIAN
- RECEIVED COMMITMENTS FROM INSTITUTIONAL AND SOPHISTICATED INVESTORS TO RAISE UP TO A$100 MILLION
- TO SUBSCRIBE FOR 123.9 MILLION FULLY PAID ORDINARY SHARES IN DACIAN UNDER CONDITIONAL PLACEMENT FOR CASH CONSIDERATION OF ABOUT A$12.6M
- ISSUE PRICE FOR DACIAN PLACEMENT IS A$0.102 PER DACIAN SHARE
- CAPITAL RAISING WILL BE IN TWO TRANCHES AT AN ISSUE PRICE OF A$1.205 PER SHARE
- PROCEEDS OF DACIAN PLACEMENT WILL BE USED TO FUND JUPITER EXTENSION DRILLING, EXPLORATION ACTIVITIES, AMONG OTHERS
- BOARD AND MANAGEMENT HAVE AGREED TO SUBSCRIBE FOR ABOUT A$2.7M IN AGGREGATE IN THE CAPITAL RAISING
(([email protected];))
News: SBM Genesis Minerals Announces Acquisition Of Dacian Gold And Capital Raising
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