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Gold Road Resources Ltd ( (AU:GOR) ) has provided an update.
Gold Road Resources Ltd has announced a proposed acquisition by Gruyere Holdings Pty Ltd, a subsidiary of Gold Fields Limited, through a scheme of arrangement. The Supreme Court of Western Australia has ordered a meeting for shareholders to vote on this scheme, and the Scheme Booklet has been registered with the Australian Securities and Investment Commission. Shareholders will receive a cash consideration of A$2.52 per share plus a variable component based on Northern Star Resources Limited’s share value. The Gold Road Board recommends voting in favor of the scheme, which is deemed fair and reasonable by an independent expert.
The most recent analyst rating on (AU:GOR) stock is a Buy with a A$1.90 price target. To see the full list of analyst forecasts on Gold Road Resources Ltd stock, see the AU:GOR Stock Forecast page.
More about Gold Road Resources Ltd
Gold Road Resources Ltd is a company operating in the mining industry, primarily focused on gold exploration and production. The company is known for its involvement in the Gruyere Gold Project, a significant gold mining operation in Western Australia.
Average Trading Volume: 6,605,118
Technical Sentiment Signal: Buy
Current Market Cap: A$3.54B
See more insights into GOR stock on TipRanks’ Stock Analysis page.