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Astral and Maximus Announce Strategic Merger to Form Leading Gold Developer
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Astral and Maximus Announce Strategic Merger to Form Leading Gold Developer

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Maximus Resources Limited ( (AU:MXR) ) just unveiled an announcement.

Astral Resources and Maximus Resources are set to merge through a recommended takeover offer, creating a significant Western Australian gold developer with combined mineral resources of approximately 1.8 million ounces. The offer, valuing Maximus at about $31 million, offers shareholders premiums on share prices and the benefits of a combined asset portfolio, potentially enhancing liquidity and development options.

More about Maximus Resources Limited

Maximus Resources Limited is a company involved in the development of mineral resources, primarily focusing on gold in Western Australia.

YTD Price Performance: 3.33%

Average Trading Volume: 10,289

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €16.78M

Learn more about MXR stock on TipRanks’ Stock Analysis page.

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