Ramelius Resources (ASX:RMS) released their bidders statement yesterday through its wholly owned subsidiary Mt Magnet Gold to purchase all of the shares in Spectrum Metals (ASX:SPX).
In exchange for 1 Ramelius Share for every 10 Spectrum Shares plus $0.017 cash for each of Your Spectrum Shares.
Spectrum’s Directors unanimously recommend that shareholders accept this offer in the absence of a Superior Proposal.
Shares in Ramelius Resources (ASX:RMS) closed 4.78 per cent lower at $1.10 yesterday.
12 Apr 2021 - Retirement village operator Summerset Group (ASX:SNZ) reports 275 sales for the quarter ending 31 March 2021. This comprises of 148 new sales and 127 resales.
10 Jan 2020 - FAR (ASX:FAR) has announced that the Government of Senegal has approved the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore joint venture Exploitation Plan.
27 Mar 2023 - Quality is a frequently used term in investing, but from Magellan’s experience definition really does matter. Why? Because not all company fundamentals are the same. Elisa Di Marco, Manager of the MFG Core ESG Strategy, explains further.
27 Nov 2020 - New Zealand energy company, Genesis Energy (ASX:GNE) today announces that it is undertaking a strategic review to determine whether to sell or retain its interest in Kupe.
13 Sep 2023 - A snapshot of the stocks on the move, featuring Chimeric Therapeutics (ASX:CHM), Apollo Minerals (ASX:AON) and Caspin Resources (ASX:CPN).
05 Mar 2020 - National Australia Bank (ASX:NAB) today announced that Chief Customer Officer – Consumer Banking, Mike Baird, had decided to leave the bank, next month.
