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Gascoyne Resources Limited ( (AU:SPR) ) has issued an announcement.
Spartan Resources Limited, a company listed on the Australian Securities Exchange, has announced the completion of its acquisition by Ramelius Resources Limited. The acquisition was executed through a scheme of arrangement, where Spartan shareholders received $0.25 in cash and 0.6957 new Ramelius shares per Spartan share. As a result, Spartan shares have been transferred to Ramelius, and Spartan will be delisted from the ASX. This move marks a significant change in Spartan’s corporate structure and market presence, impacting its shareholders and positioning within the industry.
The most recent analyst rating on (AU:SPR) stock is a Buy with a A$1.70 price target. To see the full list of analyst forecasts on Gascoyne Resources Limited stock, see the AU:SPR Stock Forecast page.
More about Gascoyne Resources Limited
Average Trading Volume: 6,084,331
Technical Sentiment Signal: Buy
Current Market Cap: A$2.74B
See more insights into SPR stock on TipRanks’ Stock Analysis page.