Ramelius Resources (ASX:RMS) release bidders statement for Spectrum Metals

Company News

by Rachael Jones

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.