Northern Star to acquire Echo Resources for $164m.

Northern Star, a global-scale Australian gold producer, offered to acquire Echo Resources, an ASX listed, gold company, for $164m. The purchase price represents a premium of 39.4% to Echo’s Volume Weighted Average Price on 19 August 2019. Victor Rajasooriar, Managing Director and Chief Executive Officer of Echo, said: “The Offer reflects the strategic nature of Echo’s Yandal Gold Project which has a unique combination of mineralisation, untested exploration upside, established processing infrastructure at Bronzewing and a detailed Feasibility Study.”