Rome Resources Ltd. (TSE:RMR) has released an update.
Rome Resources Ltd. has announced a definitive arrangement agreement with Pathfinder Minerals Plc, through which Pathfinder will acquire all Rome Resources’ issued and outstanding common shares. Rome shareholders will receive 19.54 shares of Pathfinder for each Rome share they hold, translating to approximately 68.98% ownership of the post-transaction combined entity. The merger is aimed at providing Rome with better access to international capital markets and a wider investor base.
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