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New World Resources Receives Takeover Proposal from Kinterra Capital

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New World Resources Receives Takeover Proposal from Kinterra Capital

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New World Resources Limited ( (AU:NWC) ) has shared an update.

New World Resources Limited has received an unsolicited, non-binding, and conditional proposal from Kinterra Capital to acquire all shares it does not already own for $0.057 per share in cash. The proposal is currently under review by the company’s board and advisers, with no certainty of a binding transaction. Shareholders are advised to await further updates as the company assesses the proposal’s implications.

The most recent analyst rating on (AU:NWC) stock is a Buy with a A$0.12 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 the exploration and development of copper, gold, and zinc projects. Its primary projects are located in Arizona and New Mexico, USA, including the Antler Copper Project, Javelin VMS Project, and Tererro Copper-Gold-Zinc Project.

YTD Price Performance: 211.11%

Average Trading Volume: 23,584,970

Technical Sentiment Signal: Buy

Current Market Cap: A$200.1M

See more data about NWC stock on TipRanks’ Stock Analysis page.

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