Juniors sign tie-up

AUSTRALIA’S Avocet Resources has signed a merger deal with Canadian explorer Lion One Metals.

Juniors sign tie-up Juniors sign tie-up Juniors sign tie-up Juniors sign tie-up Juniors sign tie-up

Under the agreement, Lion One will acquire all the shares in Avocet by issuing its shareholders with one share for every nine Avocet shares held.

The ratio implies an offer price of A7.

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