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New Deal


Announced

Pantoro to merge with Tulla Resources.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Acquisition

Merger

Majority

Pending

Public

Australia

Domestic

mineral exploration

Gold Mining

Synopsis

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Pantoro, a gold miner, agreed to merge with Tulla Resources, a mineral exploration firm. Financial terms were not disclosed. The merger, before the impact of the Pantoro capital raising, will result in Pantoro’s shareholders owning in aggregate 51.5% and Tulla’s shareholders owning in aggregate 48.5% of Pantoro’s ordinary shares.

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