Saracen Mineral Holdings Limited
(ASX:SAR) has announced its revised acquisition terms for the Bundarra gold project in Western Australia.
The gold miner’s last and final offer to Bligh Resources Limited
(ASX:BGH) is to buy 100% of the project for $9 million.
The offer is a combination of cash and about 7.1 million Saracen Mineral’s shares.
Bligh Resources Limited
(ASX:BGH)’s directors by majority, have recommended their shareholders approve the purchase. Their shareholders will however cast their votes on the transaction on 28 April 2017.
Shares in Saracen Mineral Holdings Limited
(ASX:SAR) opened flat at $0.95
