Mining News

Theta Gold makes a play for Focus

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Junior Focus Minerals on Thursday urged shareholders not to take any action regarding an unsolicited off-market takevoer offer from fellow-listed Theta Gold Mines.

Theta on Thursday announced plans to acquire all shares in Focus, offering two of its own shares for every one Focus share held. The offer valued Focus shares at some 36c each, representing a 41.2% premium to the company’s closing price on December 8.

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