"Northgate has also agreed to acquire all of Perseverance’s...

"Northgate has also agreed to acquire all of Perseverance’s existing bank debt (amounting to A$33.5 million) and to provide a new bridging facility of up to A$25.0 million. Northgate has also agreed to acquire the bank’s exposure of approximately A$48.0 million to Perseverance’s gold hedges and subsequent to the close of the Transaction, Northgate will close out this hedge position."

Comment:

I would have thought what Northgate do once Northgate pay PSV owners a token 20c/share is irrelevant for PSV shareholders because you no longer own it!

It's like being told someone wants to buy your house at at a bargain basement price because you have some temporary financial issues and then they will really spruce up the joint to create substantial extra value from it.

Do you really want to know?

The amount of money that PSV need is a token amount in this gold boom compared to what PSV owners are being asked to give up - all their vast in ground gold resources, mine facilities PLUS exploration upside.