Alkane Resources Says Co & Mandalay Merge To Create Gold & Antimony Producer

Reuters
28 Apr
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;))

((Reuters Investor Briefs; email: reutersinvestor.briefs@thomsonreuters.com))
Source Date/Time = 28-APR-202501:44:52 GMT

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