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De Grey Mining Proposes Acquisition by Northern Star Resources

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De Grey Mining Proposes Acquisition by Northern Star Resources

De Grey Mining Ltd ( (AU:DEG) ) has shared an update.

De Grey Mining Ltd has dispatched a Scheme Booklet to its shareholders regarding a proposed acquisition by Northern Star Resources Ltd. The acquisition will be conducted through a Court-approved scheme of arrangement, and shareholders are invited to vote on the proposal at a meeting scheduled for April 16, 2025. The company’s directors recommend voting in favor of the scheme, highlighting its potential benefits for shareholders.

More about De Grey Mining Ltd

De Grey Mining Ltd is a company in the mining industry, primarily focused on the exploration and development of gold resources. The company is listed on the Australian Securities Exchange (ASX) under the ticker DEG.

YTD Price Performance: 17.27%

Average Trading Volume: 44,096

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $3.19B

Find detailed analytics on DEG stock on TipRanks’ Stock Analysis page.

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Questions or Comments about the article? Write to editor@tipranks.com
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