Gold miner Ramelius Resources has declared its takeover offer for fellow-listed Spectrum Metals to be unconditional, having gained a 50.5% interest in the takeover target.
Ramelius earlier this year launched its takeover offer for Spectrum Metals, offering that company’s shareholders one Ramelius share for every ten Spectrum shares held, in a bid to obtain the high-grade Penny West gold project, in Western Australia.