Doray Minerals (ASX:DRM) will acquire Mutiny Gold (ASX:MYG) with an off-market takeover offer of 1 new Doray share for every 9.5 Mutiny shares held.
Offer values Mutiny at $0.054 per share.
Major Mutiny shareholders have entered into pre-bid acceptance agreements with Doray in respect of 18.68% of Mutiny's shares.
The Mutiny board has unanimously recommended the offer.
Mutiny security holders will hold up to 33% of the combined group (on a fully diluted basis).
90% minimum acceptance condition.
The proposed merger creates a portfolio of complimentary high-grade production, development and exploration assets.
Forecast production is around 160,000oz AuEq per year from FY2016.
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Last
$1.10 |
Change
-0.005(0.45%) |
Mkt cap ! $102.1M | |||
| Open | High | Low | Value | Volume |
| $1.10 | $1.13 | $1.10 | $12.65K | 11.39K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 16223 | $1.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.13 | 998 | 1 |
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| Last trade - 15.20pm 29/07/2025 (20 minute delay) ? |
| MYG (ASX) Chart |