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Patronus Resources Launches $33M Takeover Bid for Matsa Resources

8:58am on Monday 10th of February, 2025 AEDT Mining
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Patronus Resources Launches $33M Takeover Bid for Matsa Resources

8:58am on Monday 10th of February, 2025 AEDT
Key Points
  • On-market takeover offer of $0.045 cash per Matsa share
  • Offer values Matsa at approximately $33 million
  • Represents 12.5% to 60.7% premium over recent Matsa trading prices
  • Patronus and associates currently hold 19.57% of Matsa shares
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