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News: MOD Sandfire Resources NL Says To Acquire MOD Resources By Way Of Scheme Of Arrangement

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    25/06/19
    11:35
    Post #: 39223051

    June 25 (Reuters) - Sandfire Resources Nl (SFR) :

    • TO ACQUIRE 100% OF MOD RESOURCES LIMITED BY WAY OF A MOD SCHEME OF ARRANGEMENT
    • IMPLIED SCHEME CONSIDERATION OF A$0.45 PER MOD SHARE VALUING EQUITY OF MOD AT A$167 MILLION
    • UNANIMOUSLY RECOMMENDED BY MOD BOARD, WHO HAVE CONFIRMED THEIR PRESENT INTENTION TO VOTE IN FAVOUR OF SCHEME
    • DEAL IS VALUE-ACCRETIVE TRANSACTION FOR SANDFIRE BASED ON T3 FEASIBILITY STUDY WITH UPSIDE FROM REGIONAL EXPLORATION POTENTIAL
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