M&A

Genesis takes 'first step' towards becoming leading Aussie gold producer

GENESIS Minerals will acquire Dacian Gold in a friendly scrip deal worth A$111 million.

Genesis managing director Raleigh Finlayson

Genesis managing director Raleigh Finlayson

Dacian shareholders will receive 0.0843 of a Genesis share for every Dacian share held. The implied offer value is 10.2c per Dacian share, or $111 million, a 33% premium to the five-day volume-weighted...

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