DCN dacian gold limited
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News: DCN Dacian Gold To Buy NTM Gold

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    16/11/20
    09:55
    Post #: 48895418

    Nov 16 (Reuters) - NTM Gold (NTM) :

    • DACIAN WILL ACQUIRE 100% OF SHARES IN NTM
    • NTM SHAREHOLDERS TO RECEIVE 1 DACIAN SHARE FOR EVERY 2.7 NTM SHARES HELD AT SCHEME RECORD DATE
    • AS A RESULT, SHAREHOLDERS OF DACIAN AND NTM WILL HOLD 68.4% AND 31.6%, RESPECTIVELY, OF ISSUED ORDINARY SHARES IN MERGED GROUP
    • NTM BOARD UNANIMOUSLY RECOMMENDS THAT NTM SHAREHOLDERS VOTE IN FAVOUR OF SCHEME
    • PROPOSED DEAL FOR IMPLIED OFFER PRICE OF $0.141 PER SHARE
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