Gold miner Saracen Mineral Holdings has completed the acquisition of Bligh Resources, netting that company’s major shareholder, Zeta Resources a 260% premium on its initial A$9-million investment cost.
Saracen in June launched a A$38.2-million all-scrip takeover offer for fellow-listed Bligh Resources, which holds the Bundarra gold project, some 30 km south of Saracen’s own Thunderbox project.