Gold One International (ASX: GDO, JSE: GDO) and the Chinese consortium represented by BCX Gold Investment Holdings, have now lodged their bidder and target statements in respect to the current cash offer.
The statements have been lodged with the Australian Securities and Investments Commission and the Australian Stock Exchange.
Further progressing the offer towards finalisation, Gold One has lodged its notice of meeting to seek approvals.
The transaction comprises a series of interdependent transactions, including a cash offer of A$0.55 per Gold One share and a minimum A$150 million capital injection into Gold One by the consortium.
Gold One said that the transaction has a number of benefits for shareholders, including:
- An attractive cash offer of A$0.55, representing a significant premium for shareholders who wish to accept the offer for some or all of their shares;
- A significant cash injection into Gold One to accelerate its growth plans;
- The introduction of a strong, long-term partner with a common strategic vision; and
- The creation of an effective and capable platform for further industry consolidation.
Gold One will now conduct a general meeting of shareholders in early September.
Originally published at: http://www.proactiveinvestors.com.au/companies/news/18369/gold-one-international-a055-cash-offer-from-chinese-consortium-progresses-with-statements-lodged-18369.html
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