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News: AME Brightstar Resources Announces Merger With Alto Metals

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    01/08/24
    17:05
    Post #: 75031392

    Aug 1 (Reuters) - Brightstar Resources Ltd (BTR) :

    • BTR AND AME STRATEGIC MERGER. BTR CONSOLIDATES SANDSTONE
    • UNDER SCHEME, ALTO SHAREHOLDERS WILL RECEIVE 4 BRIGHTSTAR SHARES FOR EACH ALTO SHARE HELD
    • SCHEME CONSIDERATION IMPLIES A FULLY DILUTED EQUITY VALUE FOR ALTO OF A$44.4M
    • CO AND ALTO METALS ENTERED INTO A SCHEME IMPLEMENTATION DEED
    • ALTO BOARD UNANIMOUSLY RECOMMENDS SCHEME
    • CO TO RAISE UP TO A$24M (BEFORE COSTS) AT 1.5 AU CENTS PER SHARE

    (([email protected];;))

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