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Brightstar’s Bold $60M Aurumin Takeover to Ignite Sandstone Gold Growth
9:42am on Monday 21st of July, 2025 AEST
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Brightstar’s Bold $60M Aurumin Takeover to Ignite Sandstone Gold Growth
9:42am on Monday 21st of July, 2025 AEST
Key Points
Brightstar to acquire 100% of Aurumin via scheme of arrangement
Aurumin shareholders to receive 1 Brightstar share per 4 Aurumin shares, ~20-27% premium
Brightstar secures $50 million placement at $0.48 per share to fund growth
Combined entity to hold 3.9 million ounces gold resource and ~$63 million cash
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