Brightstar Resources Limited (AU:BTR) has released an update.
Brightstar Resources Limited’s takeover bid for Linden Gold Alliance Limited has recently seen Brightstar’s voting power in Linden increase to 36.78% for shares and 44.26% for options. Key conditions for the offer have been met, including capital raise and various agreements, leading to the offer being free from these conditions. The Directors of Linden continue to unanimously recommend that shareholders and optionholders accept the offer, highlighting the opportunity to join an expanded mid-tier gold producer without any superior proposal on the horizon.
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