PERTH (miningweekly.com) – ASX-listed Mineral Resources (MRL) has declared its takeover offer for fellow-listed Mesa Minerals unconditional, and said it would use its best endeavours to accelerate the payment period under the offer.

In April, MRL offered one of its own shares for very 70,6 Mesa shares held.

The offer had been subject to several conditions, including that it receive at least 50,1% acceptance from Mesa shareholders.

The Mesa board on Wednesday said that it believed that the decision by MRL to waive all conditions and accelerate payment was positive news for Mesa shareholders.

Mesa said Christopher Ellison and Bruce Goulds would be appointed as MRL nominees to its board of directors.

It also reiterated its recommendation to its shareholders to accept the takeover offer from MRL.

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