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New World Resources Limited ( (AU:NWC) ) has shared an announcement.
New World Resources Limited has announced an increase in the offer price to $0.067 per share as part of an off-market takeover bid by Kinterra Capital GP Corp. II. Kinterra has acquired a 39.46% interest in the company, meeting the condition for the increased offer price. The board of New World Resources unanimously recommends shareholders accept the offer, which is scheduled to close on August 10, 2025, unless a superior proposal emerges, which the board does not anticipate.
The most recent analyst rating on (AU:NWC) stock is a Buy with a A$0.07 price target. To see the full list of analyst forecasts on New World Resources Limited stock, see the AU:NWC Stock Forecast page.
More about New World Resources Limited
New World Resources Limited is a company operating in the mining industry, focusing on projects such as the Antler Copper Project and the Javelin VMS Project in Arizona, USA, and the Tererro Copper-Gold-Zinc Project in New Mexico, USA.
Average Trading Volume: 27,995,861
Technical Sentiment Signal: Buy
Current Market Cap: A$236M
For a thorough assessment of NWC stock, go to TipRanks’ Stock Analysis page.