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Matsa Resources Limited ( (AU:MAT) ) has issued an announcement.
Patronus Resources Limited, a company involved in gold exploration and development, has announced an on-market takeover offer for Matsa Resources Limited. The offer of $0.045 cash per share provides Matsa shareholders with a premium over historical prices and immediate liquidity, aligning with Patronus’s strategy to increase its stake in Matsa. Patronus plans to potentially restructure Matsa’s board and conduct a strategic review of its assets while supporting additional equity funding to settle existing debts. This move is expected to offer certain and immediate value to Matsa shareholders and mitigate risks related to Matsa’s ongoing projects.
More about Matsa Resources Limited
YTD Price Performance: 10.0%
Average Trading Volume: 23,495
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €18.67M
See more data about MAT stock on TipRanks’ Stock Analysis page.
