ASX-listed Capricorn Metals on Tuesday flagged an unsolicited possible takeover offer from a consortium between Emerald Resources and Hawkes Point Holdings.
Capricorn told shareholders that it had received a nonbinding indicative and incomplete letter of intent from the consortium, outlining its intention of acquiring the company at a price of 11c a share, comprising 5.5c in cash and 5.5c in Emerald scrip.