Zijin Mining to Acquire Bullabulling Gold by Cash Offer at 32% Premium
From Shagnhai Metal Market
Zijin Mining Group Co.’s subsidiary Norton Gold Fields Limited will make a cash offer of A$0.07 per share to acquire Bullabulling Gold Limited to increases Norton’s gold resources reserve.
Zijin Mining Group Co.’s subsidiary Norton Gold Fields Limited will make a cash offer of A$0.07 per share to acquire Bullabulling Gold Limited to increases Norton’s gold resources reserve.
The offer price represented a 32% premium to the three month volume weighted average price for Bullabulling shares and equated to approximately A$25.2 million for the 100% acquisition of all the issued shares of the company, Zijin Mining told both Hong Kong Stock Exchange and Shanghai Stock Exchange today.
Bullabulling Gold Limited, headquartered in Perth, Western Australia, is dual-listed on the Australian Securities Exchange and London AIM market, and has a current market capitalization of approximately A$19.6 million.
Link：http://www.metal.com/newscontent/59649_zijin-mining-to-acquire-bullabulling-gold-by-cash-offer-at-32-premium