M&A

Gascoyne confirms friendly Firefly bid

LESS than a year after exiting a successful administration process, and with a substantial write-down looming, Gascoyne Resources has decided to launch a friendly A$43 million takeover bid for its Murchison neighbour Firefly Resources.

 Gascoyne will gain access to Firefly's emerging Yalgoo resources

Gascoyne will gain access to Firefly's emerging Yalgoo resources

The all-scrip deal, which was flagged by MNN last week, represents an "absolutely logical regional consolidation", Gascoyne managing director Richard Hay said today.   "Regional consolidation has been...

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