M&A

Bullseye for Emerald shareholders with dividends targeted

CAMBODIA gold miner Emerald Resources is acquiring former Red 5 target Bullseye Mining, the unlisted owner of gold resources in the Laverton region of Western Australia, with Emerald's scrip transaction having a headline value of A$117 million.

 Bullseye having a blast earlier this year

Bullseye having a blast earlier this year

Bullseye's board is recommending acceptance of the one Emerald share for every 3.43 Bullseye shares, a ratio that would see shareholders of the target end up with about 20% of the gold miner. The February...

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