Photo by: Bloombeg
PERTH (miningweekly.com) – ASX-listed Atherton Resources, previously Mungana Goldmines, has moved to quell speculation that the company is considering a new takeover offer from Auctus Chillagoe.
Following a surge in its share price, Atherton confirmed that the company had not received any takeover offer from Auctus since the group’s initial takeover failed in July.
Suitor Auctus Chillagoe had initially offered to acquire all the shares in Atherton for 13.5c apiece, but later upped the offer to 17c a share on the condition that it acquired an interest of 70% or more in Atherton.
However, the offer period lapsed without a major takeup of the offer.
Atherton did, however, point out that the company had granted due diligence access to a third party, and was currently in discussions with Auctus regarding the terms on which that company could also gain access to due diligence.