Sihayo Gold Limited (AU:SIH) has released an update.
Provident Aurum Pte. Ltd. has made a definitive all-cash offer to acquire all the ordinary shares of Sihayo Gold Limited, offering shareholders 0.225 cents per share, with the assertion that there will be no increase in the offer price unless a competing proposal emerges. The offer is currently the sole bid available to Sihayo shareholders. Provident Aurum has secured funding for the acquisition through a loan agreement with Crystal Crescent, backed by a US$ credit facility from United Overseas Bank Limited, ensuring the availability of sufficient funds to complete the offer.
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