Mutiny Gold (ASX:MYG) is trading 8.2% lower at $0.045 in morning trade after the company resumed trading post an off-market takeover by Doray Minerals (ASX:DRM).
Mutiny has traded 2.4 million shares by 12:00 noon AEDT.
Doray last traded 4.2% lower at $0.46.
Doray is offering 1 new Doray share for every 9.5 Mutiny shares held.
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.
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.
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Last
$1.47 |
Change
-0.030(2.00%) |
Mkt cap ! $139.9M | |||
| Open | High | Low | Value | Volume |
| $1.49 | $1.49 | $1.45 | $2.624K | 1.773K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4900 | $1.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.47 | 327 | 1 |
View Market Depth
| Last trade - 12.14pm 17/09/2025 (20 minute delay) ? |
| MYG (ASX) Chart |