OceanaGold Corporation (ASX:OGC, TSE:OGC, NZX:OGC) has unveiled the potential takeover of Romarco Minerals Inc. (TSE:R) in a deal worth more than $900 million.
The gold miner has offered Toronto-listed Romarco Minerals 0.241 OceanaGold shares for every Romarco share they own.
OceanaGold’s offer represents a 72.7 per cent premium above the company’s closing share price on the Toronto exchange prior to the bid.
The deal is subject to shareholder approval from both companies, with meetings to be held in the coming months.
OceanaGold Corporation booked a net profit of $136 million in the 2014 calendar year.
