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Inca Minerals Targets High-Grade Gold with $1.8M Stunalara Takeover Bid

9:01am on Wednesday 5th of February, 2025 AEDT Mining
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Inca Minerals Targets High-Grade Gold with $1.8M Stunalara Takeover Bid

9:01am on Wednesday 5th of February, 2025 AEDT
Key Points
  • Inca offers ~300 million shares (~22.6% post-bid) to acquire Stunalara Metals
  • Stunalara’s Hurricane Project features multiple undrilled high-grade gold and gold-antimony prospects
  • Bid valued at approximately $1.8 million based on Inca’s share price of $0.006
  • Offer contingent on at least 90% shareholder acceptance and independent expert’s fairness report
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