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Alliance Mineral Assets announces plans to merge with ASX-listed Tawana Resources

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Alliance Mineral Assets announces plans to merge with ASX-listed Tawana Resources

PC Lee Published on Thu, Apr 05, 2018 / 11:58 AM GMT+8

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SINGAPORE (Apr 5): Alliance Mineral Assets and ASX-listed Tawana Resources have announced plans for a merger via a court-approved scheme of arrangement.

Under the scheme of arrangement, Tawana shareholders will receive 1.1 new Alliance shares for every one Tawana share held.

The consideration for each Tawana share is 37.4 cents, based on the closing share price of 34 cents for Alliance shares on the last trading day.

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