Brief: Chesser Resources Agrees To Binding Proposal From Fortuna To Buy 100% Of Shares In Chesser

Fortuna Mining

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 
Further company coverage:  CHZ.AX