Regis Resources, Vault Minerals to combine in merger of equals

Regis Resources Ltd (RGRNF) and Vault Minerals Ltd (REDLF) have agreed to combine in a merger-of-equals via a Vault scheme of arrangement, under which Regis will acquire 100% of the fully paid ordinary shares in Vault. Under the Scheme, Vault shareholders to receive 0.6947 new fully paid ordinary shares in Regis for each Vault share held. The Scheme is unanimously recommended by the Vault board, subject to no superior proposal for Vault emerging and the independent expert concluding (and continuing to conclude) that the Scheme is in the best interests of Vault shareholders. The Scheme has been unanimously endorsed and supported by the Regis board, subject to no superior proposal for Regis emerging. Upon implementation of the Scheme, Regis shareholders will own approximately 51% and Vault shareholders will own approximately 49% of the combined company.