Aguia Resources Limited (AU:AGR) has released an update.
Aguia Resources Limited has extended the offer period for its off-market takeover of Andean Mining Limited to close on 31 May 2024, with Andean shareholders having withdrawal rights until 27 May 2024. The move accommodates a forthcoming second supplementary bidder’s statement, expected to provide updates including the impact of recent capital raising and details on the Andrade Copper Project. Aguia’s current voting power in Andean has surpassed 90%, meeting one of the conditions for the takeover.
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