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Vigorous Resources Unveils $0.028 Cash Takeover Bid for Rey Resources with Board Backing

7:03pm on Thursday 10th of July, 2025 AEST Mining
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Vigorous Resources Unveils $0.028 Cash Takeover Bid for Rey Resources with Board Backing

7:03pm on Thursday 10th of July, 2025 AEST
Key Points
  • Unconditional off-market takeover bid at $0.028 per share
  • 155-160% premium over recent trading prices
  • Rey Resources board unanimously recommends acceptance
  • Vigorous Resources holds 16.10% stake and funds offer via $5 million loan
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