Brief: Greenstone Resources Announces Merger With Horizon Minerals

Maritana Minerals

13/02/2024 01:34

Feb 13 (Reuters) - Greenstone Resources Ltd  GSR.AX :
    * HORIZON AND GREENSTONE MERGER ANNOUNCEMENT
    * HORIZON AND GREENSTONE TO MERGE TO CREATE A NEW EMERGING
GOLD
PRODUCER IN WA GOLDFIELDS
    * HORIZON SHAREHOLDERS WILL OWN 63.1% OF MERGED ENTITY WHILE
GREENSTONE SHAREHOLDERS WILL OWN REMAINING 36.9%
    * SCHEMES UNANIMOUSLY RECOMMENDED BY GREENSTONE BOARD
    * HORIZON WILL ACQUIRE 100% OF FULLY PAID ORDINARY SHARES IN
GREENSTONE AND 100% OF LISTED GREENSTONE OPTIONS
    * COMPLETION OF SCHEMES IS TARGETED FOR JUNE 2024
    * UNDER SCHEMES, EACH GREENSTONE SHAREHOLDER WILL GET 0.2868
HORIZON SHARES FOR EVERY GREENSTONE SHARE HELD
    * COMBINED GROUP WILL HAVE A GLOBAL JORC MINERAL RESOURCE OF
ABOUT
1.8 MILLION OUNCES

Source text for Eikon:  ID:nASX6PzmKb 
Further company coverage:  GSR.AX 

 ((Reuters.Briefs@thomsonreuters.com;))