Minemakers says it will move to compulsorily acquire the remaining shares it does not own in Bonaparte Diamond Mines after reaching a 94.32 per cent shareholding through its all-scrip takeover offer.
Phosphate hopeful Minemakers has gained control of takeover target Bonaparte Diamond Mines, which is still assessing another offer made by Union Resources.
Union Resources says it has secured a $4 million underwriting deal for a proposed rights issue with funds to support its takeover bid for Bonaparte Diamond Mines.
West Perth-based Bonaparte Diamond Mines has recommended shareholders accept Minemakers all-scrip takeover offer after an independent expert deemed the offer fair and reasonable.