Metals Exploration (GB:MTL) has released an update.
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Metals Exploration PLC has announced a recommended offer to acquire Condor Gold PLC, valuing the latter’s share capital at approximately £67.5 million. This offer, which includes a mix of new MTL shares, cash, and contingent value rights, represents a significant premium over Condor Gold’s recent share prices. Upon completion, Condor Gold shareholders will own about 33.8% of the combined company’s enlarged share capital.
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