Doray Minerals (ASX:DRM) will now compulsory acquire remaining shares and listed options in Mutiny Gold (ASX:MYG)
Doray had a relevant interest in 90.67% of the ordinary shares in Mutiny, and had acquired 95.17% of Mutiny’s listed options.
The Mutiny takeover offer will close on 13 February 2015.
The companies have said that the merger with create a leading, mid-tier high-grade Western Australian gold company with substantial growth prospects.
This includes forecast annualised production of around 160,000 gold equivalent.
