Ramelius Resources (ASX:RMS)
released their bidders statement yesterday through its wholly owned subsidiary Mt Magnet Gold to purchase all of the shares in Spectrum Metals (ASX:SPX)
In exchange for 1 Ramelius Share for every 10 Spectrum Shares plus $0.017 cash for each of Your Spectrum Shares.
Spectrum’s Directors unanimously recommend that shareholders accept this offer in the absence of a Superior Proposal.
Shares in Ramelius Resources (ASX:RMS)
closed 4.78 per cent lower at $1.10 yesterday.