News Articles for Finders Resources

Corporate finance deals May 13 to 17 2019

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Norwood Systems has closed its partially underwritten one-for-four entitlement offer, raising $1 million. Valid applications were made for $289,786 of shares, at 0.3 cents a share.

Board Moves July 2, 2018

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Rubini Ventouras has resigned as company secretary and general counsel of BCI Minerals. The company has appointed Susan Hunter as company secretary.

Panel blocks major shareholder

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The Takeovers Panel has blocked a major shareholder of Finders Resources from accepting the recent takeover offer after the corporate watchdog submitted an application to the panel.

AWE, Finders battles add M&A spice

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SPECIAL REPORT: Corporate advisory firm Argonaut had a lead role in two of the most hotly contested takeover battles in WA in recent times.

Board Moves April 4, 2018

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Robert McEniry, non-executive chair of Automotive Holdings Group (AHG), has resigned from all public company directorships in order to spend more time with his family since the diagnosis of a serio

Finders in board overhaul

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The board of Finders Resources has been overhauled after Indonesian group Eastern Field Developments increased its stake above 90 per cent in its $177 million takeover of the copper miner, with David Fowler appointed as a director and acting chief executive.

ASIC intervenes in Finders takeover

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The corporate watchdog has submitted an application to the Takeovers Panel asking it to block certain shareholders of Finders Resources from accepting an offer for their shares.

Eastern Field takes control of Finders

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Indonesian group Eastern Field has taken control of Finders Resources, five months after announcing its takeover deal, which values the copper miner at about $177 million.

Panel throws out Eastern application

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The Takeovers Panel has dismissed an application from Indonesian group Eastern Field Developments regarding its takeover target Finders Resources, with the panel determining that appropriate action has been taken by the company in relation to its Wetar project.

Eastern increases stake in Finders

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Indonesian group Eastern Field Developments has increased its stake in Finders Resources as the major shareholder pursues a hostile takeover of the copper miner valued at around $177 million.

Eastern takes Finders to panel

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Finders Resources' largest shareholder, Eastern Field Developments, which is currently making a hostile takeover bid for the copper miner, has submitted an application to the Takeovers Panel requesting the company disclose details regarding its Wetar project and revise the independent expert report.

Finders takeover offer unconditional

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Finders Resources' major shareholder, Eastern Field Developments, has changed its hostile takeover bid for the copper miner to 'unconditional' status, with the Indonesian consortium continuing to raise concerns about the company's Wetar project.

Finders stands firm

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The board of Finders Resources remains firm on its rejection of a hostile takeover bid from Indonesian group Eastern Field Developments, after the major shareholder questioned the company's supplementary target's statement.

Eastern extends Finders offer period

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Indonesian group Eastern Field Developments has extended the offer period for its hostile 23-cents-a-share bid for Finders Resources, while also raising a number of concerns with the copper miner's supplementary target statement.

Perth investors reject Finders takeover

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Finders Resources has received the backing of some high-profile Perth investors in its opposition to a hostile takeover offer, with Euroz's Tim Lyons, billionaire Ralph Sarich and Brettney Fogarty among a list of shareholders to have indicated they will not accept the 23-cents-a-share bid.

Finders major shareholder to reject offer

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Finders Resources' second-largest largest shareholder, Taurus Funds Management, has rejected a 23-cents-a-share bid for the copper miner by Indonesian group Eastern Field Developments.

Finders shares stay below Deloitte valuation

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Finders Resources has urged its shareholders to reject a takeover bid from Indonesian group Eastern Field Developments after independent expert Deloitte valued the copper miner well above the 23 cents offer price, despite Finders' share price continuing to hover near that mark.

Finders disputes takeover claims

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The independent directors of Finders Resources have questioned some of the claims and assumptions used by Indonesian group Eastern Field Developments, which has announced a takeover offer for the West Perth company.

Finders shareholders to make $177m takeover play

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An Indonesian consortium has announced its intention to make an off-market takeover bid for copper miner Finders Resources, with the all-cash deal valuing the target at about $177 million.

Finders raises $12m for copper project

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Perth-based copper explorer Finders Mines has tapped investors for $12 million to fund ongoing work at its Wetar project in Indonesia.

GR Engineering wins $10m job in Indonesia

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Belmont-based contractor GR Engineering Services has won a $10.3 million contract to provide engineering, procurement and construction management work at Finders Resources' Wetar Copper project expansion in Indonesia.

Finders raises $14m through placement

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Finders Resources has secured $14 million to put towards upgrading and restarting its copper processing plant on Indonesia's Wetar Island, as well as completing a feasibility study for the Wetar co

Finders Resources in copper sales deal

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Finders Resources has inked a deal with Standard Bank for the sale of up to 60 per cent of all copper cathode produced at its Wetar project in Indonesia.