News: BDC St Barbara To Acquire Bardoc Gold Via Scheme Of Arrangement

Dec 20 (Reuters) - St Barbar

• TO ACQUIRE ALL OF SHARES IN CAPITAL OF BARDOC BY WAY OF SCHEME OF ARRANGEMENT
• TRANSACTION VALUES BARDOC AT APPROXIMATELY A$157 MILLION
• BARDOC SHAREHOLDERS WILL RECEIVE 0.3604 NEW ST BARBARA SHARES FOR EACH BARDOC SHARE
• ON A PRO FORMA BASIS, ST BARBARA SHAREHOLDERS WILL OWN 87% & BARDOC SHAREHOLDERS WILL OWN 13% OF ALL ISSUED ST BARBARA SHARES
• BARDOC REACHED AGREEMENT WITH ST BARBARA TO PROCEED WITH A SPIN-OUT OF ITS SOUTH WOODIE WOODIE MANGANESE ASSETS
• SPINCO MAY CONSIDER SEEKING A LISTING ON ASX IN FUTURE

([email protected])