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De Grey Mining Ltd ( (AU:DEG) ) just unveiled an announcement.
De Grey Mining Ltd has announced the legal effectiveness of its acquisition by Northern Star Resources Ltd through a scheme of arrangement, following approval by the Federal Court of Australia. As part of this acquisition, De Grey shareholders will receive shares in Northern Star, and De Grey will be delisted from the ASX. This strategic move is expected to enhance Northern Star’s position in the mining sector, providing growth opportunities and benefits for stakeholders.
More about De Grey Mining Ltd
De Grey Mining Ltd operates in the mining industry, focusing primarily on gold exploration and development. The company is known for its significant gold projects in Western Australia, contributing to its market focus on precious metal extraction and production.
YTD Price Performance: 49.09%
Average Trading Volume: 50,378
Technical Sentiment Signal: Sell
Current Market Cap: $4.06B
See more insights into DEG stock on TipRanks’ Stock Analysis page.
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