Gold Road Resources Ltd ( (AU:GOR) ) has shared an update.
Gold Road Resources Ltd has entered into a Scheme Implementation Deed with Gold Fields, where Gold Fields will acquire 100% of Gold Road’s issued share capital through a scheme of arrangement. Shareholders will receive a total cash consideration of A$3.40 per share, which includes a fixed cash consideration and a variable component linked to Northern Star’s share value. This offer represents a significant premium over Gold Road’s previous share prices and is deemed the ‘best and final’ price by Gold Fields. The scheme is subject to shareholder approval, and the Gold Road Board recommends voting in favor unless a superior proposal emerges.
More about Gold Road Resources Ltd
Gold Road Resources Ltd is a company operating in the mining industry, primarily focusing on gold exploration and production. The company is known for its significant projects in Western Australia and has a market focus on developing and expanding its gold resources.
YTD Price Performance: 65.26%
Average Trading Volume: 6,721
Technical Sentiment Signal: Sell
Current Market Cap: $2.08B
For a thorough assessment of GOR stock, go to TipRanks’ Stock Analysis page.