De Grey Mining Ltd ( (AU:DEG) ) has issued an update.
Northern Star Resources Ltd has successfully completed the acquisition of De Grey Mining Ltd through a Court-approved Scheme of Arrangement. As part of the acquisition, De Grey shareholders have been issued 0.119 new Northern Star shares for each De Grey share held. The acquisition aligns with Northern Star’s strategy to enhance its asset portfolio, particularly with the integration of the Hemi gold project, expected to be a low-cost, long-life, and large-scale gold mine in Western Australia. The delisting of De Grey from the ASX is anticipated to occur on 6 May 2025.
More about De Grey Mining Ltd
YTD Price Performance: 40.45%
Average Trading Volume: 48,703
Technical Sentiment Signal: Sell
Current Market Cap: $3.81B
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