Feb 13 (Reuters) - Tulla Resources Group Pty Ltd (TUL) :
- MERGER OF PANTORO AND TULLA RESOURCES AND CAPITAL RAISING
- PANTORO TO ACQUIRE TULLA AND CONSOLIDATE 100% OWNERSHIP AND CONTROL OF NORSEMAN GOLD PROJECT
- MERGER WILL CREATE NEW MID-CAP ASX-LISTED GOLD COMPANY
- MERGER UNANIMOUSLY RECOMMENDED BY BOARDS OF TULLA AND PANTORO, IN ABSENCE OF SUPERIOR PROPOSAL
- MERGER WILL CREATE GOLD COMPANY WITH TARGET PRODUCTION OF 110,000 OZ PER ANNUM
- MERGER, BEFORE IMPACT OF PANTORO CAPITAL RAISING WILL RESULT IN PANTORO'S SHAREHOLDERS OWNING IN AGGREGATE 51.5%
- FOR MERGER, PANTORO IS LAUNCHING A TWO-TRANCHE INSTITUTIONAL PLACEMENT TO RAISE A$75 MILLION
- PLACEMENT SHARES TO BE ISSUED AT A$0.06 PER PLACEMENT SHARE
- NEW PANTORO BOARD INTENDS TO INVESTIGATE, AND PROGRESS SPIN-OUT OF BATTERY METALS BUSINESS AT APPROPRIATE TIME
News: PNR Tulla Resources Group Announces Merger Of Pantoro And Tulla Resources, And Capital Raising
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