Brief: Chesser Resources Agrees To Binding Proposal From Fortuna To Buy 100% Of Shares In Chesser
09/05/2023 01:45
May 9 (Reuters) - Chesser Resources Ltd CHZ.AX :
* AGREES TO A BINDING PROPOSAL FROM FORTUNA TO ACQUIRE 100%
OF
SHARES IN CHESSER BY WAY OF SCHEME OF ARRANGEMENT
* IMPLIED VALUE OF A$0.142 PER CHESSER SHARE UNDER DEAL
INDICATES
APPROXIMATE A$89 MILLION EQUITY VALUE
* BOARD UNANIMOUSLY RECOMMENDS CHESSER SHAREHOLDERS VOTE IN
FAVOUR
OF TRANSACTION
Source text for Eikon: ID:nASX4LgZRh
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Brief: Chesser Resources Agrees To Binding Proposal From Fortuna To Buy 100% Of Shares In Chesser