EXU
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Company News
Explaurum directors recommend shareholders ‘accept’ improved Ramelius offer in last minute reversal
Ramelius Resources’ (ASX: RMS) last ditch bid for advanced gold explorer Explaurum (ASX: EXU) appears to have paid off with Explaurum’s board officially telling shareholders to “accept the improved offer”. Late last week, Ramelius put forward a revised final offer for Explaurum, which valued the company at $0.134 per share – up $0.02 on the […]
Tug-of-war for Explaurum continues as Ramelius Resources lobs fresh takeover bid
In a last ditch attempt, Ramelius Resources (ASX: RMS) has upped the ante in its unsolicited off-market takeover bid for advanced gold explorer Explaurum (ASX: EXU). Ramelius lobbed a revised takeover bid for Explaurum this morning that boosted its current scrip offer to $0.134 per share. According to Ramelius, this bid is its “best and […]
Explaurum’s board gives green light for Alkane Resources ‘strategic alliance’
Alkane Resources (ASX: ALK) intends to take a substantial slice of advanced gold explorer Explaurum (ASX: EXU) with the duo agreeing to a “strategic alliance” that will progress Explaurum’s Tampia gold project in Western Australia. The news follows Ramelius Resources’ (ASX: RMS) unsolicited takeover bid in early September, which bypassed Explaurum’s board and went straight […]
Explaurum’s board responds to Ramelius takeover bid with ‘take no action’
Explaurum’s (ASX: EXU) board has responded to Ramelius Resources’ (ASX: RMS) unsolicited takeover offer this morning by advising shareholders to “take no action” and saying the offer “undervalued” the company. At market open this morning, Ramelius bypassed Explaurum’s board and lobbed an all scrip takeover offer for Explaurum that valued the company at $0.123 per […]
Ramelius Resources bypasses Explaurum’s board with takeover bid
Ramelius Resources (ASX: RMS) has bypassed Explaurum’s (ASX: EXU) board and lobbed a takeover bid for the gold explorer, which values it at a 66.2% premium to its last closing price. Under the proposed all scrip off-market bid, Explaurum shareholders will receive one Ramelius share for every four Explaurum shares held. The offer values Explaurum […]
Explaurum digs into shallow gold at Mace shoring up WA’s new gold district
Explaurum (ASX: EXU) has dug into shallow gold mineralisation at the Mace prospect, part of the company’s flagship Tampia gold project located in a potential new gold district in Western Australia’s wheatbelt. Drilling has identified supergene-style gold mineralisation at 8m below surface over more than 550m of strike, with mineralisation open to the west and […]
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