Ramelius Resources Limited (AU:RMS) has released an update.
Ramelius Resources Limited has noted the Takeovers Panel’s decision to accept undertakings from Westgold Resources Limited and Karora Resources Inc concerning their arrangement agreement, without making a declaration of unacceptable circumstances regarding the standstill provisions of a previous confidentiality deed. As a result, Ramelius has confirmed the termination of any corporate transaction discussions with Westgold and previously ceased discussions with Karora for a potential control transaction as of March 28, 2024. This update comes as the company continues to operate production hubs in Western Australia and develops additional gold mining projects.
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