Azumah unconvinced by cash offer

GHANA-focused gold hopeful Azumah Resources has fired back at its largest shareholder and joint venture partner’s hostile all-cash takeover, declaring the move by Ibaera Capital as opportunistic and far below what it has signalled it is prepared to pay for control of the multi-million ounce WA gold project in Ghana.

Azumah unconvinced by cash offer Azumah unconvinced by cash offer Azumah unconvinced by cash offer Azumah unconvinced by cash offer Azumah unconvinced by cash offer

Azumah is fighting back against a hostile takeover offer.

It has also confirmed Ibaera had sought greater control over the 2.8Moz project, including a scheme of arrangement proposal with just two days to respond before it turned hostile.

topics

loader