New World Resources Announces Acquisition Scheme with Central Asia Metals

New World Resources Limited ( (AU:NWC) ) has shared an update.

New World Resources Limited has announced an extraordinary general meeting to discuss a Scheme Implementation Deed with Central Asia Metals Plc, where CAML will acquire all shares of New World for A$0.05 per share. This acquisition will impact shareholder decisions regarding the issuance of Director Placement Shares and performance rights, which, if approved, will allow directors to benefit from the scheme’s offer price, potentially leading to gains and accelerated vesting of performance rights.

The most recent analyst rating on (AU:NWC) stock is a Buy with a A$0.12 price target. To see the full list of analyst forecasts on New World Resources Limited stock, see the AU:NWC Stock Forecast page.

More about New World Resources Limited

New World Resources Limited is a company operating in the mining industry, focusing on copper, gold, and zinc projects. Its primary projects include the Antler Copper Project and Javelin VMS Project in Arizona, USA, and the Tererro Copper-Gold-Zinc Project in New Mexico, USA.

Average Trading Volume: 6,855,151

Technical Sentiment Signal: Hold

Current Market Cap: A$99.16M

For detailed information about NWC stock, go to TipRanks’ Stock Analysis page.