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

Ramelius declares Breaker offer free of conditions

1st May 2023

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Gold miner Ramelius Resources has declared its takeover offer for fellow-listed Breaker Resources unconditional, having gained a 49.943% interest in the takeover target.

Under the terms of the all-script off-market takeover offer, Breaker shareholders would receive one Ramelius share for every 2.82 Breaker shares held, valuing the offer price at 40c a share, representing a 41% premium to Breaker’s three-day volume weighted average share price (VWAP), and a 41.5% premium to the company’s 30-day VWAP.

In its target statement, Breaker noted that the agreement with Ramelius was a ‘sensible and complementary regional consolidation’ and would bring the company’s Lake Roe gold project together with the Rebecca gold project, which is wholly owned by Ramelius.

Ramelius on Monday said that it would now accelerate the issue of the offer consideration, and has extended the offer until May 15.

The gold miner also said that it would not be improving on the current offer, unless a competing proposal arose.

Edited by Creamer Media Reporter

Comments

Projects

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 
Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

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:0.226 0.263s - 107pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: