https://www.miningweekly.com

Major shareholder bids for Strategic Minerals

Major shareholder bids for Strategic Minerals

Photo by Bloomberg

19th June 2014

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – Gold explorer Strategic Minerals Corporation has advised its shareholders to hold off on taking any action around a takeover offer received from controlling shareholder QGold Resources.

QGold, which holds a 51.75% shareholding in Strategic Minerals, has offered the 3.5c in cash to acquire the remaining shareholding in the company.

The offer was a 25% premium to Strategic Minerals’ last closing price, and a 27.3% premium on the 90-day volume-weighted average price of the company’s shares.

The on-market takeover offer would open on July 3 and would close on August 22, unless extended.

Strategic Minerals’ core objective is to become a gold producer through the development of its epithermal and mesothermal gold resources established at its Woolgar project. The project is located 120 km north of Richmond, in central North Queensland.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

EKATO Africa
EKATO Africa

Established in 1933, EKATO is the world leader in agitation technology, supplying agitators for processes and applications such as chemicals and...

VISIT SHOWROOM 
Alco-Safe
Alco-Safe

Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.

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:0.068 0.78s - 111pq - 2rq
Subscribe Now