OreCorp Limited (AU:ORR) has released an update.
Perseus Mining Limited has achieved a 94.99% stake in OreCorp and is moving forward with the compulsory acquisition of the remaining shares, offering A$0.575 per share. OreCorp shareholders are encouraged to accept the offer before it closes on April 19, 2024, to receive payment within 7 business days, as opposed to waiting at least four weeks through the compulsory process. Trading of OreCorp shares on the ASX will be suspended 5 business days after the offer’s closing date.
For further insights into AU:ORR stock, check out TipRanks’ Stock Analysis page.
