Brief: Kingwest Resources And Brightstar Resources Agrees Revised Consideration For Proposed Merger
15/03/2023 01:17
March 15 (Reuters) - Kingwest Resources Ltd KWR.AX :
* KINGWEST RESOURCES AND BRIGHTSTAR RESOURCES HAVE AGREED TO
REVISED CONSIDERATION FOR PROPOSED MERGER
* KINGWEST BOARD UNANIMOUSLY RECOMMENDS REVISED SCHEME
* KINGWEST SHAREHOLDERS TO RECEIVE 1 BRIGHTSTAR SHARE FOR
EVERY
0.38 SHARES
* UPON IMPLEMENTATION OF SCHEME, KINGWEST SHAREHOLDERS WILL
HOLD
ABOUT 47% OF MERGED GROUP
Source text for Eikon: ID:nASX5XhpWL
Further company coverage: BTR.AX
((Reuters.Briefs@thomsonreuters.com;))
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