RECOMMENDED TAKEOVER OFFER OF BULLSEYE MINING LIMITED
BY EMERALD RESOURCES NL
HIGHLIGHTS:
Emerald to acquire Bullseye via an off-market Bullseye board recommended
takeover Offer;
Bullseye’s extensive landholding totals in excess of 1,200km2 of highly
prospective licences across 3 gold projects;
Bullseye’s flagship North Laverton Gold Project (NLGP) covers 800km2 tenure
and captures the entire Dingo Range Greenstone Belt - one of the few under
explored greenstone belts remaining in Western Australia;
In 2015 Bullseye calculated a JORC 2012 compliant Indicated and Inferred
Mineral Resource Estimate of 276,000oz at 2.51g/t Au to an average depth of
~120m (Maiden Resource);1
Since estimation of the Maiden Resource, Bullseye has completed 35,000m of RC
drilling (to an average depth of 120 metres);
The inclusion of results from the completed 35,000m of drilling and extensional
drilling planned for the 2022 calendar year has the potential to significantly
increase the Maiden Resource;
Emerald has the financial capacity, operational and exploration expertise to
maximise the potential of Bullseye’s attractive portfolio of gold projects;
Emerald has acquired a pre-bid equity stake of 19.45% of Bullseye;
Emerald and Bullseye have entered into a Bid Implementation Agreement in
which Bullseye’s Directors unanimously recommend that Bullseye shareholders
accept the Offer, in the absence of a superior proposal; and
The Offer is subject to a 90% minimum acceptance condition by Bullseye
shareholders.
- Forums
- ASX - By Stock
- Ann: Extension to Voluntary Suspension
RECOMMENDED TAKEOVER OFFER OF BULLSEYE MINING LIMITEDBY EMERALD...
Featured News
Add EMR (ASX) to my watchlist
(20min delay)
|
|||||
Last
$3.49 |
Change
-0.140(3.86%) |
Mkt cap ! $2.287B |
Open | High | Low | Value | Volume |
$3.53 | $3.54 | $3.47 | $9.553M | 2.731M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 67598 | $3.49 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.50 | 13058 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 12120 | 3.490 |
2 | 6747 | 3.480 |
1 | 1467 | 3.470 |
1 | 1467 | 3.460 |
1 | 1467 | 3.450 |
Price($) | Vol. | No. |
---|---|---|
3.500 | 13058 | 1 |
3.510 | 1467 | 1 |
3.520 | 4390 | 2 |
3.530 | 2036 | 2 |
3.540 | 1467 | 1 |
Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
|
|||||
Last
$3.49 |
  |
Change
-0.140 ( 4.21 %) |
|||
Open | High | Low | Volume | ||
$3.52 | $3.54 | $3.47 | 328934 | ||
Last updated 15.59pm 14/06/2024 ? |
Featured News
EMR (ASX) Chart |