Regis Resources Moves to Acquire Vault Minerals in All-Share Merger

Regis Resources Limited ( (AU:RRL) ) has issued an update.

Regis Resources and Vault Minerals have announced a proposed merger under which Regis will acquire 100% of Vault’s fully paid ordinary shares via a scheme of arrangement. Vault shareholders are to receive fully paid ordinary Regis shares in exchange, subject to the terms and conditions of a scheme implementation deed agreed by both boards.

The companies emphasised that the presentation outlining the deal is for information only and does not constitute an offer of securities, particularly in restricted jurisdictions such as the United States. Further details, including key risks and an independent expert’s opinion on whether the transaction is in Vault shareholders’ best interests, will be provided in a forthcoming scheme booklet.

The most recent analyst rating on (AU:RRL) stock is a Buy with a A$9.50 price target. To see the full list of analyst forecasts on Regis Resources Limited stock, see the AU:RRL Stock Forecast page.

More about Regis Resources Limited

Regis Resources Limited is an Australian gold mining company focused on exploration, development and production of gold assets. Vault Minerals Limited operates in the same sector, with associated entities and activities that complement Regis’ existing operations in the gold mining industry.

YTD Price Performance: -4.76%

Average Trading Volume: 4,100,087

Technical Sentiment Signal: Buy

Current Market Cap: A$5.35B

For an in-depth examination of RRL stock, go to TipRanks’ Overview page.