Brief: Hammer Metals Receives Binding Proposal From Austral Resources
02/08/2026 23:47
BRIEF-Hammer Metals Receives Binding Proposal From Austral Resources Aug 3 (Reuters) - Hammer Metals HMX.AX:
BOARD UNANIMOUSLY DETERMINED THAT AUSTRAL PROPOSAL CONSTITUTES "SUPERIOR PROPOSAL" FOR PURPOSES OF LARVOTTO SID
RECEIVES BINDING PROPOSAL FROM AUSTRAL RESOURCES
AUSTRAL PROPOSAL VALUES HAMMER AT A$0.087 PER SHARE OR A$80.7 MILLION
HOLDERS TO RECEIVE 1.2903 AUSTRAL SHARES PER HAMMER SHARE
AUSTRAL INCREASES WORKING CAPITAL FACILITY FOR HAMMER TO A$6.0 MILLION
Further company coverage: AR1.AX
((Reuters.Briefs@thomsonreuters.com;))
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