Siren Gold Ltd (AU:SNG) has released an update.
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Siren Gold Ltd is assessing a merger proposal from Federation Mining, which includes an all-scrip acquisition where Federation’s shareholders would own 90% of the merged entity. Federation, backed by AustralianSuper, also offers interim funding for Siren and underwriting for a capital raise. The proposal is being evaluated for its merits compared to an existing agreement with RUA Gold for the sale of Siren’s Reefton Project.
For further insights into AU:SNG stock, check out TipRanks’ Stock Analysis page.