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New World Resources Updates on CAML Scheme and Kinterra Proposal

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New World Resources Updates on CAML Scheme and Kinterra Proposal

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The latest update is out from New World Resources Limited ( (AU:NWC) ).

New World Resources Limited has announced the execution of a Second Deed of Variation with CAML to increase the cash consideration for its shares under a proposed scheme to $0.055 per share. Additionally, the company is reviewing an unsolicited, non-binding proposal from Kinterra to acquire all remaining shares at $0.057 per share. The board is assessing this offer, and shareholders are advised not to take any action until further updates are provided.

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 resource exploration and development industry, focusing on 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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