AGR aguia resources limited
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News: AGR Aguia Resources Says Proposed Takeover For Andean Mining Limited

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    22/12/23
    11:25
    Post #: 71587327

    Dec 22 (Reuters) - Aguia Resources Ltd (AGR) :

    • PROPOSED TAKEOVER FOR ANDEAN MINING LIMITED
    • PROPOSES TO ACQUIRE ALL OF SHARES IN ANDEAN MINING LIMITED VIA AN OFF-MARKET TAKEOVER OFFER
    • UNDER OFFER, AGUIA PROPOSES TO OFFER ABOUT 453 MILLION AGUIA SHARES IN CONSIDERATION FOR 100% OF ISSUED SHARES IN ANDEAN
    • ANDEAN'S INDEPENDENT BOARD COMMITTEE HAS RECOMMENDED THAT ANDEAN SHAREHOLDERS ACCEPT OFFER
    • IF THE TAKEOVER IS SUCCESSFUL, IT IS PROPOSED THAT ANDEAN MANAGING DIRECTOR WILLIAM HOWE WILL JOIN THE BOARD OF AGUIA
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