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Astral Resources and Maximus Merge to Create 1.8Moz WA Gold Developer
8:36am on Monday 3rd of February, 2025 AEDT
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Astral Resources and Maximus Merge to Create 1.8Moz WA Gold Developer
8:36am on Monday 3rd of February, 2025 AEDT
Key Points
Astral offers 1 new share for every 2 Maximus shares, valuing Maximus at $31 million
Offer represents a 61% premium to Maximus' last undisturbed closing price
Combined Mineral Resources total approximately 1.8 million ounces of gold
Astral holds $25 million cash and no near-term capital raising needs
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