COD coda minerals ltd
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News: COD Coda Minerals Says Co And Torrens Mining To Merge Via Recommended Takeover Offer

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    09/02/22
    12:20
    Post #: 59454590

    Feb 9 (Reuters) - Coda Minerals Ltd (COD) :

    • CODA MINERALS AND TORRENS MINING TO MERGE VIA RECOMMENDED TAKEOVER OFFER
    • TO MAKE OFFER TO ACQUIRE TORRENS WITH 0.23 NEW CODA SHARES OFFERED FOR EVERY 1 TORRENS SHARE HELD
    • TORRENS' BOARD OF DIRECTORS UNANIMOUSLY RECOMMEND THAT TORRENS' SHAREHOLDERS ACCEPT OFFER, IN ABSENCE OF A SUPERIOR PROPOSAL
    • UNDER OFFER, TORRENS' SHAREHOLDERS WILL RECEIVE 0.23 CODA SHARES FOR EVERY 1 TORRENS SHARE HELD
    • TRANSACTION IS ACCRETIVE FOR CODA
    • OFFER VALUES TORRENS' SHARES AT A$0.202 PER SHARE
    • OFFER VALUES TORRENS AT APPROXIMATELY A$23.2 MILLION EQUITY VALUE
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