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News: GBG Gindalbie Metals Says Proposes To Demerge Unit Coda Minerals

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    11/03/19
    11:25
    Post #: 37717929

    March 11 (Reuters) - Gindalbie Metals Ltd (GBG) :

    • PROPOSES TO DEMERGE ITS UNIT CODA MINERALS, TO GINDALBIE SHAREHOLDERS, ANSTEEL TO ACQUIRE GINDALBIE FOR CASH CONSIDERATION
    • DEAL FOR $0.026 CASH FOR EACH OF SHARES IN GINDALBIE
    • INDEPENDENT DIRECTORS UNANIMOUSLY RECOMMEND SHAREHOLDERS TO APPROVE ACQUISITION SCHEME, IN ABSENCE OF SUPERIOR PROPOSAL
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