Announced
Financials
Tags
Single Bidder
Acquisition
Merger
Majority
Pending
Public
Australia
Domestic
mineral exploration
Gold Mining
Synopsis
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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