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An update from Gascoyne Resources Limited ( (AU:SPR) ) is now available.
Ramelius Resources Limited and Spartan Resources Limited have announced a proposed acquisition where Ramelius will acquire all ordinary shares of Spartan it does not already own. This strategic move, structured as either a scheme of arrangement or a conditional off-market takeover offer, aims to strengthen Ramelius’s position in the resources sector. The transaction is expected to have significant implications for stakeholders, enhancing operational capabilities and potentially increasing market share for Ramelius.
More about Gascoyne Resources Limited
YTD Price Performance: -40.67%
Average Trading Volume: 566
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.3B
Find detailed analytics on SPR stock on TipRanks’ Stock Analysis page.