PERTH (miningweekly.com) - Gold miner Gold Road Resources' takeover offer for fellow-listed DGO Gold has been declared unconditional after the company obtained an 83.35% relevant interest in the takeover target.
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.
Gold Road on Wednesday said that the minimum 80% acceptance condition to the offer has now been met, and the company has waived all of the remaining defeating conditions, declaring the offer unconditional.
The takeover offer will close on June 30.