ARS alt resources limited
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News: ARS Alt Resources Receives All Cash Off-Market Takeover Bid From Aurenne Group

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    07/05/20
    11:35
    Post #: 44484883

    May 7 (Reuters) - Alt Resources Ltd (ARS) :

    • RECEIVES ALL CASH OFF-MARKET TAKEOVER BID FROM PRIVATE EQUITY FIRM AURENNE GROUP
    • OFFER COMPRISES A$0.0505 FOR EVERY 1 ALT RESOURCES SHARE HELD
    • BOARD IS SUPPORTIVE OF ALL-CASH OFFER
    • OFFER INCLUDES ALT RESOURCES SHARES ISSUED UPON EXERCISE OF EXISTING UNLISTED OPTIONS
    • AGH TO LEND $3.68 MILLION TO CO THROUGH CONVERTIBLE NOTE
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