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
About Zijin Mining
Zijin Mining is a leading global metals and mining company and one of the world’s largest producers of gold, copper, and zinc. The company has more than 30 large-scale mining operations and projects across 19 countries on 5 continents. Leveraging strong in-house research, engineering, and development capabilities, Zijin maintains high operational efficiency and low costs in both acquisitions and operations. This enables the company to be an industry leader in value creation, underpinned by its philosophy of pursuing development for all and sustained by superior environmental, social, and governance performance. Zijin’s shares trade on the Hong Kong Stock Exchange (HKEX: 2899) and the Shanghai Stock Exchange (SSE: 601899).