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News: CHZ Chesser Resources Agrees To Binding Proposal From Fortuna To Buy 100% Of Shares In...

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    09/05/23
    10:50
    Post #: 67674172

    May 9 (Reuters) - Chesser Resources Ltd (CHZ) :

    • AGREES TO A BINDING PROPOSAL FROM FORTUNA TO ACQUIRE 100% OF SHARES IN CHESSER BY WAY OF SCHEME OF ARRANGEMENT
    • IMPLIED VALUE OF A$0.142 PER CHESSER SHARE UNDER DEAL INDICATES APPROXIMATE A$89 MILLION EQUITY VALUE
    • BOARD UNANIMOUSLY RECOMMENDS CHESSER SHAREHOLDERS VOTE IN FAVOUR OF TRANSACTION
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