Genesis Minerals and Vault Minerals Announce Merger
Key points
- Genesis Minerals and Vault Minerals plan to merge to create a new Australian gold major.
- The merger will be executed through a scheme of arrangement under the Corporations Act.
- Vault shareholders will receive new Genesis shares and cash in exchange for their Vault shares.
Full summary
Genesis Minerals Limited and Vault Minerals Limited have announced their intention to merge, creating a new Australian gold major. The merger will be executed through a scheme of arrangement under Part 5.1 of the Corporations Act. Vault shareholders will receive new, fully paid ordinary shares in Genesis and cash in exchange for their Vault shares, subject to the terms and conditions of the Scheme Implementation Deed.
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