Alkane Resources Says Co & Mandalay Merge To Create Gold & Antimony Producer
ReutersApr 28, 2025 1:45 AM
April 28 (Reuters) - Alkane Resources ALK.AX:
ALKANE & MANDALAY MERGE TO CREATE GOLD & ANTIMONY PRODUCER
IMPLIED MARKET CAPITALIZATION OF COMBINED COMPANY IS ESTIMATED AT A$1,013 MILLION
ALKANE WILL ACQUIRE ALL ISSUED AND OUTSTANDING COMMON SHARES OF MANDALAY IN PLAN OF ARRANGEMENT
MANDALAY SHAREHOLDERS WILL RECEIVE 7.875 ORDINARY SHARES OF ALKANE FOR EACH ORDINARY SHARE OF MANDALAY
FORMER MANDALAY SHAREHOLDERS TO OWN 55% OF COMBINED COMPANY
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