PERTH (miningweekly.com) – Gold miner Ramelius Resources has extended its takeover for ASX-listed Explaurum until February 22, having obtained a 79.2% interest in the takeover target to date.
The offer has been declared unconditional, and Explaurum directors have unanimously recommended that shareholders accept the offer.
Ramelius in December increased its offer for Explurum by 2c a share in cash, and was offering Explaurum shareholders one of its own shares for every four Explaurum shares held, as well as 2c a share in cash for every Explaurum share held.
The new offer valued Explaurum shares at 13.4c each.