https://www.miningweekly.com
Gold|PROJECT|Resources
Gold|PROJECT|Resources
gold|project|resources

Gandel starts compulsory acquisition of Alliance shares

6th July 2022

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – ASX-listed Gandel Metals has started with the compulsory acquisition of the remaining shares in fellow-listed Alliance Resources, after gaining a 94.34% interest in the takeover target at the end of the takeover offer period, which closed on July 4.

Gandel earlier this year launched an 18c-a-share takeover offer for Alliance Resources, which holds the Wilcherry multi-metals project, in South Australia, which includes the Weednanna gold/iron deposit, which is estimated to host 152 000 oz of gold and 1.15-million tonnes of iron resource.

Gandel said on Wednesday that the company would now exercise its rights to compulsorily acquire the outstanding shares in Alliance on the same terms as the offer.

To watch Creamer Media's latest video reports, click here
 

Edited by Creamer Media Reporter

Comments

Latest News

Magazine cover image
Magazine round up | 26 April 2024
26th April 2024

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Hanna Instruments Image
Hanna Instruments (Pty) Ltd

We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.137 0.175s - 107pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: