(NewsDirect)
Musgrave Minerals Ltd(ASX:MGV) managing director Rob Waugh tells Proactive the company’sboard continues to unanimously recommend to shareholders that theyaccept the takeover offer by top 10 Australian gold producer RameliusResources Ltd in the absence of a superior proposal.
This comes as Ramelius,through wholly-owned subsidiary Mt Magnet Gold Pty Ltd, surpassed a17.71% interest in Musgrave last week and the offer from previoussuitor Westgold Resources Ltd closed and lapsed given the offerconditions were not all fulfilled or waived.
Ramelius, a top 10Australian gold producer, has the financial capacity, operationalexperience and exploration expertise to continue the significant workdone by Musgrave with a view to expand the existing resource anddevelop the Cue Project, in order to maximise the value of the projectfor both sets of shareholders.
heRamelius offer is scheduled to close at 7:00pm (Sydney time) on August18, 2023, unless extended or withdrawn by Ramelius.
ContactDetails
Proactive Investors
JonathanJackson
+61 413 713 744
jonathan@proactiveinvestors.com
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