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

Ramelius starts compulsory acquisition of Apollo

3rd December 2021

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Gold miner Ramelius Resources has reached a 90.82% acceptance mark for its takeover in fellow-listed Apollo Consolidated.

Ramelius is offering 34c a share in cash and 0.1778 Ramelius shares for each Apollo share held, valuing Apollo shares at 62c each.

The takeover offer, which has been backed by the Apollo board, will close on December 17, and will not be extended, Ramelius said on Friday. Apollo’s remaining shareholders have been urged to accept the takeover offer before the closing date.

Ramelius will now move to the compulsory acquisition of the remaining shares in the company.

Edited by Creamer Media Reporter

Comments

Latest News

Redpath logo on machinery
Redpath acquires RUC
26th March 2024 By: Darren Parker

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 
John Thompson
John Thompson

John Thompson, the leader in energy and environmental solutions through value engineering and innovation, provides the following: design, engineer,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 2024

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:0.124 0.158s - 107pq - 2rq
Subscribe Now