OreCorp Limited (AU:ORR) has released an update.
In a significant development for OreCorp Limited shareholders, Perseus Mining Limited has made its off-market takeover bid for the company unconditional, with expeditated payment terms, owning over half of OreCorp’s shares. Shareholders are advised to accept the offer, as the Board anticipates no better alternative and is preparing for board and management changes, including the stepping down of several current directors. The Board expresses gratitude to its shareholders and optimism about the Nyanzaga Gold Project’s future under Perseus’s development.
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