OreCorp Limited (AU:ORR) has released an update.
Perseus Mining Limited has successfully acquired a majority stake in OreCorp Limited, with over 51% of shares, making their takeover offer unconditional and final, in the absence of any competing proposals. Shareholders are urged to accept the offer, which promises expedited payment terms and significant board changes, including the appointment of Perseus’s Jeff Quartermaine as Chairman. The move aims to bring value to OreCorp’s shareholders and pave the way for the development of the Nyanzaga Gold Project.
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