Kazakhmys says over 96 pct of Eurasia Gold shareholders accept offer
LONDON. July 6. KAZINFORM. - Kazakhmys PLC said the offer by its indirect wholly-owned unit, Kazakhmys Gold Inc, for Eurasia Gold Inc has been accepted by Eurasia shareholders representing 96.34 pct of outstanding Eurasia shares.
The company said it plans to commence a compulsory acquisition of the remaining Eurasia shares not already owned by Kazakhmys at 0.85 cad per share, adding it expects the compulsory acquisition to be completed in September, Kazinform cites Thomson Financial.
Kazakhmys said all conditions of the offer have been waived or satisfied and Kazakhmys Gold intends to pay for shares validly deposited under the offer such shares on July 5. TFN.newsdesk@thomson.com rda/ms1
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Resourse: KAZINFORM