CAPITAL MARKETS

Vulcan, Universal to become one

WESTERN Australia-based explorers Vulcan Resources and Universal Resources have announced plans to merge, creating a sizeable copper play with advanced projects in Australia and Finland.

Claire Svircas
Vulcan, Universal to become one

The merged group will have a strong cash position given Vulcan’s cash on hand of $A28.4 million. Under the merger, still subject to due diligence and other conditions, Vulcan shareholders will receive...

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