CAPITAL MARKETS

Metals X, Westgold unveil merger

GOLD developer Westgold Resources and its largest shareholder Metals X have agreed to a friendly, all-scrip merger which values Westgold at $A91.5 million, a 33.3% premium to its last closing price.

Kristie Batten
Metals X, Westgold unveil merger

As flagged in MiningNews.net on Thursday, the two emerged from trading halts this morning to announce the deal. Tin producer Metals X will offer 11 of its shares for every 10 Westgold shares held,...

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