Latest NWC News

Central Asia Metals Plc has made an unconditional all-cash offer to acquire New World Resources Limited at A$0.065 per share, a significant premium over recent prices and a superior bid to its rival. The New World board unanimously recommends shareholders accept the offer in the absence of a better proposal.

Kinterra Capital has lodged a formal review application against the Takeovers Panel’s earlier ruling involving New World Resources, signaling potential shifts in the ongoing corporate governance saga.

The Takeovers Panel has declined to intervene in the ongoing control tussle for New World Resources, despite concerns over delayed disclosure and contested share acquisitions.

Kinterra Capital has increased its takeover offer for New World Resources Limited to A$0.064 per share and extended the acceptance deadline to July 17, signaling renewed confidence in securing control.

Kinterra Infrastructure has increased its takeover offer for New World Resources shares to A$0.063, with a potential rise to A$0.064 if it secures over 30% ownership. This move intensifies the takeover battle against rival CAML, promising quicker payments and stronger funding assurances.

Kinterra Capital GP Corp. II has increased its takeover offer for New World Resources Limited to A$0.062 per share, presenting shareholders with a superior all-cash proposal compared to rival Central Asia Metals Plc. The offer, backed by Kinterra’s 19.3% stake, aims for full ownership and potential delisting of NWR.

New World Resources has replaced its previously proposed scheme with a recommended off-market takeover bid from Central Asia Metals at A$0.062 per share, with the Board urging shareholders to accept. The deal includes a US$6.5 million loan facility and matches a rival offer from Kinterra.

New World Resources Limited has agreed to a Takeovers Panel undertaking restricting share issuance to Central Asia Metals PLC pending regulatory proceedings. This move follows an application by Kinterra Capital and could influence the company’s capital raising plans.

Kinterra Capital has lodged a formal application with the Takeovers Panel, contesting Central Asia Metals’ takeover tactics and $10 million placement in New World Resources. The dispute raises questions about market fairness and control of the mineral explorer.

Kinterra has increased its takeover offer for New World Resources to A$0.062 per share, positioning its bid as superior and less conditional than rival Central Metals Asia’s scheme proposal. With a significant stake and strategic moves underway, the battle for NWR ownership intensifies.

New World Resources and Central Asia Metals have agreed to increase their takeover offer to 6.2 cents per share, surpassing a competing bid and reshaping the acquisition landscape.

Central Asia Metals has increased its takeover offer for New World Resources to A$0.062 per share after acquiring a significant stake, valuing the company at around A$230 million.