Brightstar Resources Limited (AU:BTR) has released an update.
In a strategic move to consolidate its position in the gold market, Brightstar Resources Limited has achieved a significant milestone by increasing its stake in Linden Gold Alliance Limited to 36.78% in shares and 44.26% in options. The directors of Linden have reiterated their unanimous recommendation for shareholders to accept Brightstar’s takeover offer, emphasizing the lack of superior proposals and the benefits of joining forces with a larger mid-tier gold producer. Key conditions of the offer have been met, including capital raise settlements and various agreement executions, paving the way for the offer’s completion.
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