PERTH (miningweekly.com) – Gold miner Gold Road Resources’ interest in takeover target DGO Gold has soared to 72.69%
Gold Road recently increased its takeover offer for fellow listed DGO from 2.16 Gold Road shares to 2.25 Gold Road shares for every DGO share held, and has extended the takeover period until the end of June.
As of Thursday, Gold Road had a relevant interest of 42.75% in DGO, with a further 29.93% under acceptance instructions.
Gold Road has previously told shareholders that the acquisition of DGO aligned with the company’s strategy to invest in high quality gold projects in tier one jurisdictions.
DGO owns a portfolio of strategic investments in ASX-listed companies De Grey Mining, Dacian Gold and Yandal Resources, as well as a portfolio of exploration tenements in the Pilbara, Yilgarn, Bryah and Stuart Shelf provinces.