OreCorp Limited (AU:ORR) has released an update.
Perseus Mining Limited has successfully reached a 50.15% stake in OreCorp Limited and has declared its takeover offer unconditional, with the offer set to close on April 19, 2024. The current offer consideration stands at A$0.575 per OreCorp share and will not be increased unless a competing proposal emerges. Additionally, Perseus has promised accelerated payment terms, committing to pay shareholders within 7 business days of receiving valid acceptances.
For further insights into AU:ORR stock, check out TipRanks’ Stock Analysis page.
