Westgold pounces on Aragon

WESTGOLD Resources has shown its hand to Aragon Minerals after announcing it intends to increase its 20.1% stake through a $A76 million takeover, creating a 3 million ounce gold-copper company.

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Westgold intends to make an off-market takeover bid of one of its shares for every Aragon share, along with one option for every Aragon option.

The offer is at a 35.

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