OreCorp Limited (AU:ORR) has released an update.
Perseus Mining Limited has significantly increased its stake in OreCorp Limited, with its voting power surging from 53.07% to 74.98%. This change comes after Perseus’s successful off-market takeover bid for OreCorp shares at A$0.575 each, a move which has resulted in a substantial shift in the company’s ownership structure. The transaction involved the acquisition of over 105 million OreCorp ordinary shares through Offer Acceptance Contracts.
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