Brief: Emerald Resources Announces Takeover Offer For Bullseye Mining

Emerald Resources NL

27/07/2023 03:33

July 27 (Reuters) - Emerald Resources NL  EMR.AX :
    * EMERALD RESOURCES ANNOUNCES TAKEOVER OFFER FOR BULLSEYE
MINING
    * TO ACQUIRE REMAINING SHARES IN BULLSEYE IT DOES NOT
CURRENTLY
OWN VIA AN OFF-MARKET TAKEOVER OFFER
    * EMERALD AND BULLSEYE HAVE ENTERED INTO A BID
IMPLEMENTATION
AGREEMENT
    * UNDER OFFER, BULLSEYE SHAREHOLDERS WILL RECEIVE 1 NEW
EMERALD
SHARE FOR EVERY 4 BULLSEYE SHARES HELD
    * OFFER VALUES BULLSEYE AT APPROXIMATELY A$0.55 PER SHARE

Source text for Eikon:  ID:nASX4RjnBP 
Further company coverage:  EMR.AX 

 ((Reuters.Briefs@thomsonreuters.com;))