July 5 (Reuters) - Genesis Minerals Ltd (GMD) : ACQUISITION OF...

July 5 (Reuters) - Genesis Minerals Ltd (GMD) :

• ACQUISITION OF DACIAN GOLD AND CAPITAL RAISING
• DEAL VIA A UNANIMOUSLY RECOMMENDED CONDITIONAL OFF-MARKET TAKEOVER OFFER
• UNDER OFFER, DACIAN SHAREHOLDERS TO RECEIVE 0.0843 GENESIS SHARES FOR EACH DACIAN SHARE
• INTENDS TO CONDUCT A STRATEGIC REVIEW OF MT MORGANS IN DECEMBER HALF OF 2022
• CONTINUES TO EVALUATE NUMEROUS REGIONAL OPPORTUNITIES AND DISCUSSIONS WITH ST BARBARA
• DACIAN SHAREHOLDER PERENNIAL ENTERED INTO BINDING PRE-BID ACCEPTANCE AGREEMENT OVER 76.4 MILLION DACIAN SHARES
• CONSOLIDATION WITH ST BARBARA OFFERS POTENTIAL TO CREATE ENTITY WITH DOMINANT RESOURCE AND RESERVE POSITION IN LEONORA
• ENTERED INTO A CONDITIONAL PLACEMENT AGREEMENT WITH DACIAN TO ACQUIRE A 10.2% INTEREST IN DACIAN
• RECEIVED COMMITMENTS FROM INSTITUTIONAL AND SOPHISTICATED INVESTORS TO RAISE UP TO A$100 MILLION
• TO SUBSCRIBE FOR 123.9 MILLION FULLY PAID ORDINARY SHARES IN DACIAN UNDER CONDITIONAL PLACEMENT FOR CASH CONSIDERATION OF ABOUT A$12.6M
• ISSUE PRICE FOR DACIAN PLACEMENT IS A$0.102 PER DACIAN SHARE
• CAPITAL RAISING WILL BE IN TWO TRANCHES AT AN ISSUE PRICE OF A$1.205 PER SHARE
• PROCEEDS OF DACIAN PLACEMENT WILL BE USED TO FUND JUPITER EXTENSION DRILLING, EXPLORATION ACTIVITIES, AMONG OTHERS
• BOARD AND MANAGEMENT HAVE AGREED TO SUBSCRIBE FOR ABOUT A$2.7M IN AGGREGATE IN THE CAPITAL RAISING

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