Goldminer Ramelius Resources is set to complete a compulsory acquisition of Apollo Consolidated, having acquired more than 90 per cent of the target's shares on issue.
Ramelius Resources is on track to complete a $180 million takeover of Apollo Consolidated, having acquired more than half of the explorer's issued capital.
Gold Road Resources says it won't increase its all-cash offer for explorer Apollo Consolidated after being outbid last week, but has left the door open with respect to its 19.9 per cent shareholding.
Ramelius Resources has lifted its offer for Apollo Consolidated to $181 million to trump that of takeover rival Gold Road after securing backing from the target's board and second largest shareholder.
Gold Road Resources has stepped in to counter Ramelius Resources' proposed takeover bid for Apollo Consolidated, tabling an all-cash unconditional offer.
Apollo Consolidated shares ascended after receiving an off-market takeover offer from WA gold player Ramelius Resources as the company ramps up pursuits for feasible gold assets.
Apollo Consolidated is selling its entire royalty over a goldmine in Cote d'Ivoire to fund further exploration at the company's Lake Rebecca project in WA.
Apollo Consolidated is selling a portion of its interest in two overseas gold projects, with the proceeds to fund drilling and development studies on its Lake Rebecca project in Western Australia.
Gold explorer Apollo Consolidated is raising $10 million through a share placement to advance drilling activities at its flagship Lake Rebecca project in Western Australia.
Apollo Consolidated has raised $6 million via a share placement, with the funds set to primarily go towards drilling at the company's flagship Lake Rebecca gold project.
Shares in Perth-based explorer Apollo Consolidated have surged on news it has struck an agreement with gold miner Newcrest Mining for its Seguela project in West Africa.
