Search
Bligh Resources' Bundarra gold project near Leonora.

Zeta makes $8m play for Bligh

Investment group Zeta Resources has announced plans to make an all-cash takeover offer for gold-focused Bligh Resources, competing with Saracen Mineral Holdings which had agreed to buy the target’s core asset in February.

Zeta said it would acquire all the shares it didn’t already own in Bligh for 3.5 cents each, a premium of 9.4 per cent to Bligh’s last closing price and implying an equity value of $8.1 million for the target.

Zeta holds a 19.9 per cent stake in Bligh.

Login

(existing subscribers)

The password field is case sensitive.
Request new password

Register for free

Sign up here for free access to 7 articles per month + twice daily business email alerts.

CAPTCHA
Thanks! This question prevents spammers...
Image CAPTCHA
Enter the characters shown in the image.

Add your comment

BNiQ Disclaimer