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The latest update is out from Themac Resources ( (TSE:MAC) ).
THEMAC Resources Group Limited announced that its shareholders have approved a plan of arrangement for a going-private transaction with Tulla Resources Group Pty Ltd. The arrangement involves Tulla acquiring all outstanding common shares of THEMAC not already owned by it, at a price of CAD $0.08 per share. The approval was overwhelmingly supported, with 95.07% of votes in favor, and the company will seek a final order from the Yukon Supreme Court to complete the transaction. This move is expected to lead to the delisting of THEMAC’s shares from the TSX Venture Exchange, potentially impacting its market presence and shareholder structure.
More about Themac Resources
THEMAC Resources Group Limited operates in the mining industry, focusing on resource extraction and development. The company is engaged in projects that involve the acquisition and management of mining assets, with a market focus on maximizing shareholder value through strategic transactions.
Average Trading Volume: 81,510
Technical Sentiment Signal: Buy
Current Market Cap: C$6.19M
Learn more about MAC stock on TipRanks’ Stock Analysis page.