("Eldorado" the "Company" or "we") today confirmed it has approached the Board of Directors of Andean Resources Limited ("Andean") with a proposal to combine the two companies, thus creating the world's fastest growing and lowest cost gold producer.
Andean is a dual listed company whose main asset is the Cerro Negro Gold Project ("Cerro Negro") in the southern province of Santa Cruz in Argentina. Cerro Negro is an epithermal gold deposit at feasibility study stage that currently contains 2.1 million oz of gold and 20.6 million oz of silver in Probable Reserves.
The proposal put to the Andean Board was for a share exchange transaction at a fixed exchange ratio of 0.310 of an Eldorado common share for each Andean ordinary share, through a friendly transaction supported by a majority of the Andean Directors.
Eldorado believes that the Proposal is extremely compelling for all Andean shareholders and represents a fully valued offer for Andean.
- Forums
- ASX - By Stock
- seriously....
("Eldorado" the "Company" or "we") today confirmed it has...
- There are more pages in this discussion • 37 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AND (ASX) to my watchlist
(20min delay)
|
|||||
Last
$2.43 |
Change
-0.010(0.41%) |
Mkt cap ! $217.0M |
Open | High | Low | Value | Volume |
$2.44 | $2.44 | $2.43 | $521.9K | 214.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 164963 | $2.43 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.44 | 304928 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 164963 | 2.430 |
1 | 68333 | 2.420 |
2 | 26379 | 2.410 |
4 | 45806 | 2.400 |
4 | 36000 | 2.390 |
Price($) | Vol. | No. |
---|---|---|
2.440 | 304928 | 3 |
2.450 | 2980 | 2 |
2.460 | 10000 | 1 |
2.470 | 6561 | 3 |
2.480 | 22436 | 2 |
Last trade - 16.10pm 08/05/2024 (20 minute delay) ? |
|
|||||
Last
$2.43 |
  |
Change
-0.010 ( 0.00 %) |
|||
Open | High | Low | Volume | ||
$2.44 | $2.44 | $2.43 | 3843 | ||
Last updated 15.23pm 08/05/2024 ? |
Featured News
AND (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online