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MRP - MacPhersons Resources News Story

A$0.061 0.0  0.0%

Last Trade - 06/06/19

Sector
Basic Materials
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £31.4k
Position in Universe th / 1957

BRIEF-Macphersons Resources Says Co And Intermin Resources To Merge

Mon 10th December, 2018 10:56pm
Dec 11 (Reuters) - Macphersons Resources Ltd  MRP.AX :
    * MACPHERSONS AND INTERMIN AGREE TO MERGE
    * MERGER IS UNANIMOUSLY RECOMMENDED BY BOARD OF MACPHERSONS
IN
ABSENCE OF A SUPERIOR PROPOSAL
    * INTERMIN AND MACPHERSONS EXECUTED MERGER IMPLEMENTATION
AGREEMENT TO PROGRESS PROPOSED COMBINATION OF 2 COMPANIES
    * MERGER IS UNANIMOUSLY RECOMMENDED BY THE BOARD OF
MACPHERSONS IN
THE ABSENCE OF A SUPERIOR PROPOSAL
    * INTERMIN RESOURCES TO OFFER 1 INTERMIN SHARE FOR EVERY
1.8227
MACPHERSONS RESOURCES SHARES HELD
    * MERGED ENTITY WILL BE LED BY INTERMIN MANAGING DIRECTOR
JON
PRICE
    * PROPOSED OFFER VALUES MACPHERSONS AT ABOUT A$0.0825 PER
SHARE
    * COMBINED ENTITY INTENDS TO START FEASIBILITY STUDY FOR
INTEGRATED DEVELOPMENT OF COMPANIES' RESPECTIVE EXISTING GOLD
PROJECTS
    * INTERMIN CHAIRMAN PETER BILBE WILL BE NON-EXECUTIVE
CHAIRMAN OF
MERGED ENTITY

Source text :(https://bit.ly/2Pvfr0I)
Further company coverage:  MRP.AX 

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