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.
Add MYG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
75.0¢ |
Change
-0.035(4.46%) |
Mkt cap ! $65.64M | |||
| Open | High | Low | Value | Volume |
| 78.5¢ | 78.5¢ | 71.5¢ | $27.07K | 35.84K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 120 | 72.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 74.5¢ | 1000 | 1 |
View Market Depth
| Last trade - 14.05pm 14/06/2024 (20 minute delay) ? |
|
|||||
|
Last
75.0¢ |
Change
-0.035 ( 4.46 %) |
||||
| Open | High | Low | Volume | ||
| 74.5¢ | 75.0¢ | 74.5¢ | 1034 | ||
| Last updated 14.05pm 14/06/2024 ? | |||||
| MYG (ASX) Chart |