Latest Shareholder Acceptance News

Zuleika Gold recommends shareholders accept CZR Resources’ off-market takeover offer, which values Zuleika’s mineral assets at a preferred $6.1 million. The independent expert deems the offer not fair but reasonable.

CZR Resources Ltd (ASX:CZR) has launched an all-scrip off-market takeover bid for Zuleika Gold Limited (ASX:ZAG), offering 0.1742 CZR shares per Zuleika share, valuing Zuleika at approximately $44.8 million and representing a premium of over 40% to recent prices.

Zenith Minerals and Forrestania Resources have amended their takeover implementation deed, updating key terms including offer conditions, board changes, and break fees as Forrestania pursues control.

A2MP Investments FZCO has kicked off an off-market takeover offer for the remaining 44.44% of Canyon Resources shares it does not already control, valuing the company at about A$103 million equity and A$188 million enterprise value. The bid comes amid deteriorating project economics and funding challenges for Canyon's Minim Martap Bauxite Project.

Sena & Co, already holding 75.9% of 2 Cheap Cars, proposes a full takeover at NZ$0.80 per share, aiming to delist the company and compulsorily acquire remaining shares.

Xingye Gold has intensified its push for Far East Gold shareholders to accept its unconditional takeover offer by 29 July 2026, highlighting unresolved project uncertainties and disputing Far East Gold’s own strategic disclosures.

Forrestania Resources has secured 41.74% of Zenith Minerals shares in its ongoing takeover bid, urging shareholders to accept amid no competing offers and strategic regional moves.

Frasers Group has extended the deadline for its on-market takeover bid for Accent Group shares to 30 September 2026, maintaining all other offer terms unchanged.

Ida Metal Investments has increased its stake in Zenith Minerals to just over 10% yet does not intend to accept Forrestania Resources' takeover bid. Despite this, Zenith's board continues to recommend acceptance of the offer, which requires just over 50% shareholder support to proceed.

Loyal Metals has cleared a key regulatory hurdle with ASIC registering the Scheme Booklet for its proposed A$0.45 per share acquisition by PT Bumi Resources. The Independent Expert endorses the deal as fair and reasonable, while Loyal’s board unanimously backs the scheme, setting the stage for a shareholder vote.

Xingye Gold has increased its takeover bid for Far East Gold to $0.15 per share, conditional on securing majority ownership by 21 July 2026, and extended the offer period to 29 July. The improved price offers a significant premium amid ongoing project and financial risks at Far East Gold.

Zenith Minerals has reaffirmed its board's unanimous recommendation for shareholders to accept Forrestania Resources' off-market takeover offer, which includes a premium valuation and follows Forrestania's recent $310 million capital raising and strategic acquisition of the Edna May Gold Hub.