Brief: Larvotto Resources Enters Binding Agreement To Acquire Hammer Metals
11/06/2026 02:31
BRIEF-Larvotto Resources Enters Binding Agreement To Acquire Hammer Metals June 11 (Reuters) - Larvotto Resources Ltd LRV.AX:
BINDING AGREEMENT TO ACQUIRE HAMMER METALS
HAMMER SHAREHOLDERS TO RECEIVE 1 LARVOTTO SHARE FOR EVERY 22 HAMMER SHARES
DEAL IMPLIES OFFER PRICE OF A$0.06 PER HAMMER SHARE, EQUITY VALUE OF A$54 MILLION
DEAL UNANIMOUSLY RECOMMENDED BY HAMMER BOARD, SUBJECT TO CONDITIONS
ANNOUNCES A$15 MILLION PLACEMENT AT 15% PREMIUM TO ADVANCE MT ISA STRATEGY
Further company coverage: LRV.AX
((Reuters.Briefs@thomsonreuters.com;))
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Brief: Larvotto Resources Enters Binding Agreement To Acquire Hammer Metals