CAPITAL MARKETS

Troy, Azimuth announce friendly tie-up

TROY Resources has announced a $A188 million friendly takeover for smaller explorer Azimuth Resources to create a dual-listed South American gold company.

Kristie Batten
Troy, Azimuth announce friendly tie-up

Azimuth’s board has unanimously backed the off-market scrip offer, which values it at 43.7c or $188 million.   It represents a 78% premium to Azimuth’s 24.5c closing price yesterday and a 62% premium...

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