Alkane Resources Says Co & Mandalay Merge To Create Gold & Antimony Producer
Reuters
04-28
April 28 (Reuters) - Alkane Resources :: *ALKANE & MANDALAY MERGE TO CREATE GOLD & ANTIMONY PRODUCER *IMPLIED MARKET CAPITALIZATION OF COMBINED COMPANY IS ESTIMATED AT A$1,013 MILLION *ALKANE WILL ACQUIRE ALL ISSUED AND OUTSTANDING COMMON SHARES OF MANDALAY IN PLAN OF ARRANGEMENT *MANDALAY SHAREHOLDERS WILL RECEIVE 7.875 ORDINARY SHARES OF ALKANE FOR EACH ORDINARY SHARE OF MANDALAY *FORMER MANDALAY SHAREHOLDERS TO OWN 55% OF COMBINED COMPANY *Further company coverage: ALK.AX * ((Reuters.Briefs@thomsonreuters.com;))