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Why New World Resources Switched to a Cash Takeover Bid at A$0.062
8:45am on Monday 7th of July, 2025 AEST
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Why New World Resources Switched to a Cash Takeover Bid at A$0.062
8:45am on Monday 7th of July, 2025 AEST
Key Points
Revised takeover replaces scheme with off-market bid at A$0.062 per share
No minimum acceptance condition, matching Kinterra’s offer in price and terms
Board unanimously recommends acceptance and plans to accept on own shares
Proposed A$10 million equity placement terminated; US$6.5 million unsecured loan facility agreed
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