Australia's Zuleika Gold rises to over 1-month high on CZR Resources merger plans

Zuleika Gold

26/06/2026 03:49

** Shares of Australia's Zuleika Gold ZAG.AX rise as much as 20% to A$0.036, their highest point since May 19
** The gold explorer says it will merge with CZR Resources CZR.AX via recommended takeover offer for Zuleika 
** Company says under the offer, Zuleika shareholders will receive 0.1742 CZR shares for each Zuleika share held
** Independent Zuleika board unanimously recommends shareholders accept the offer - ZAG
** Adds the deal values Zuleika at A$44.8 million ($30.81 million) 
** ZAG down 28.3%, YTD

($1 = 1.4541 Australian dollars)

 (Reporting by Keshav Singh Chundawat in Bengaluru)
 ((Keshav.singhchundawat@thomsonreuters.com))