Doray Minerals (ASX:DRM) has declared its recommended off-market takeover offers for all shares and listed options of Mutiny Gold (ASX:MYG) free from all defeating conditions.
It also confirmed that Mutiny shareholders and listed optionholders who validly accepted the offers made to them before they were declared unconditional will be issued their consideration by 22 January 2015.
If Doray acquires a relevant interest in Mutiny of 90% or more, Doray intends to proceed with compulsory acquisition of any outstanding Mutiny shares and listed options under Part 6A of the Corporations Act.
Mutiny’s board urged shareholders who have not yet accepted the offer to do so to take advantage of the accelerated payment terms.
Doray has received acceptances for 74.62% of Mutiny as on Tuesday, 13th January 2015.
It has also received acceptances for 82.3% of Mutiny’s listed options.
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