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Kinterra Challenges CAML’s $10M Placement in New World Resources Takeover Battle

9:43am on Wednesday 2nd of July, 2025 AEST Mining
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Kinterra Challenges CAML’s $10M Placement in New World Resources Takeover Battle

9:43am on Wednesday 2nd of July, 2025 AEST
Key Points
  • Kinterra alleges CAML and NWC frustrated a competitive takeover auction
  • CAML increased its shareholding and scheme offer multiple times
  • Kinterra launched a higher takeover bid and seeks to block CAML’s placement
  • Takeovers Panel yet to decide on whether to proceed with the application
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