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An announcement from De Grey Mining Ltd ( (AU:DEG) ) is now available.
De Grey Mining Ltd has successfully completed its acquisition by Northern Star Resources Ltd through a scheme of arrangement. As a result, De Grey shareholders have received new Northern Star shares, and the company has applied for delisting from the ASX. This move signifies a strategic consolidation in the mining sector, potentially enhancing Northern Star’s market position and offering benefits to De Grey shareholders through share exchange and potential tax relief.
More about De Grey Mining Ltd
De Grey Mining Ltd is a company operating in the mining industry, primarily focused on gold exploration and development. The company is known for its significant gold projects and exploration activities in Australia.
YTD Price Performance: 40.45%
Average Trading Volume: 48,703
Technical Sentiment Signal: Sell
Current Market Cap: $3.81B
See more insights into DEG stock on TipRanks’ Stock Analysis page.
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