St Barbara to buy Bardoc

ST Barbara has announced the A$157 million scrip acquisition of stalled gold developer Bardoc Gold.

St Barbara to buy Bardoc St Barbara to buy Bardoc St Barbara to buy Bardoc St Barbara to buy Bardoc St Barbara to buy Bardoc

Bardoc's Zoroastrian pit

St Barbara is offering 0.3604 of a share for every Bardoc share held, valuing Bardoc at 53c per share.

The implied price represents a "fair and reasonable premium" of 29.