Orbis Gold and Semafo have today jointly announced a revised takeover offer for Orbis Gold, under which Orbis Gold shareholders will be offered A$0.713 cash per Orbis Gold share. All of the Orbis Gold directors, together representing 2.8% of Orbis Gold's shares, have committed to accept the Revised Offer. In addition, shareholders representing in [...]
SEMAFO will be making a takeover bid for 100% of Orbis Gold at A$0.65 per share, payable in cash, subject to the conditions below. The minimum acceptance condition for the Cash Bid is 50.1%, evidencing the seriousness of SEMAFO's Cash Bid. Highlights: 1. Cash bid A$0.65 per share. 2. Conditional on October 24 Greenstone vote NOT approved
SEMAFO today advises it has submitted a non-binding proposal to the Board of Directors of Orbis Gold to acquire 100% of the issued share capital in Orbis by way of a recommended transaction at a price range between A$0.62 to A$0.65 per share, payable in cash (Proposal). SEMAFO is a Canadian-based mining company listed on the Toronto Stock Exchange [...]
