Emerald Resources NL (AU:EMR) has released an update.
Emerald Resources NL has solidified its control over Bullseye Mining Limited, with a 78.06% equity position and an unconditional takeover offer, prompting remaining shareholders to accept swiftly. The company is buoyed by a recent Independent Expert’s Report, which supports the fairness of the transaction, as it found no net benefits were given to certain shareholders over others. With a well-credentialed management team at the helm, Emerald Resources is on track for over 100,000 ounces of gold production in 2024 and is committed to carbon-neutral operations in Cambodia.
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