Brief: Javelin Minerals Intends To Make Takeover Bid For Gecko Minerals Limited

Javelin Minerals

06/09/2023 02:31

Sept 6 (Reuters) - Javelin Minerals Ltd  JAV.AX :
    * INTENTION TO MAKE TAKEOVER BID FOR GECKO MINERALS LIMITED
    * SIGNING OF A TAKEOVER BID IMPLEMENTATION AGREEMENT WITH
GECKO
MINERALS
    * UNDER DEAL, JAVELIN WILL OFFER TO GECKO SHAREHOLDERS 185
JAVELIN
SHARES FOR EVERY GECKO SHARE HELD
    * IN EVENT THAT ALL GECKO SHAREHOLDERS ACCEPT, CO  WILL
ISSUE A
TOTAL OF APPROXIMATELY 5 BILLION SHARES PURSUANT TO TAKEOVER
OFFER
    * PROPOSED TAKEOVER OFFER IS UNANIMOUSLY RECOMMENDED BY
DIRECTORS
OF GECKO IN ABSENCE OF A SUPERIOR OFFER
    * ENTERED INTO PRE-BID ACCEPTANCE AGREEMENTS WITH GECKO
SHAREHOLDERS HOLDING 17.9% OF TOTAL SHARES IN GECKO
    * RECEIVED FIRM COMMITMENTS TO RAISE A$2 MILLION VIA A SHARE
PLACEMENT

Source text for Eikon:  ID:nASX9k5slw 
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 ((Reuters.Briefs@thomsonreuters.com;))