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Westgold Resources Limited — M&A Activity 2023
Jul 3, 2023
47798_rns_2023-07-03_9c81b545-36ad-41f8-ae3c-93fc17ae4269.pdf
M&A Activity
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ASX ANNOUNCEMENT
4 July 2023
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UPDATE ON WESTGOLD’S OFFER FOR MUSGRAVE
Westgold Resources Limited ( Westgold or the Company ) refers to the off-market takeover offer made by Ramelius Resources Limited ( Ramelius ) for Musgrave Minerals Limited ( Musgrave ) comprising $0.04 in cash and 1 Ramelius share for every 4.21 Musgrave shares announced on Monday, 3 July 2023 ( Ramelius Offer ).
In response to the Ramelius Offer, Westgold advises that it does not intend to improve its all-scrip offer consideration of 1 Westgold share for every 5.37 Musgrave shares under its off-market takeover offer, nor to vary the offer by extending the period or releasing any of the defeating conditions.
Westgold’s offer will close at 5:00pm (AWST) on Monday, 24 July 2023 and any acceptances will be null and void.
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ENDS
THIS ANNOUNCEMENT IS AUTHORISED FOR RELEASE TO THE ASX BY THE BOARD.
Media and Investor Relations Enquiries
INVESTOR RELATIONS MEDIA Kasun Liyanaarachchi| Investor Relations Manager Peter Knight | Communications Advisor [email protected] [email protected] +61 458 564 483 +61 459 980 481
Westgold Resources Limited (ASX: WGX) ACN 009 260 306 Level 6, 200 St Georges Terrace, Perth WA 6000
+61 8 9462 3400 [email protected] www.westgold.com.au