De Grey Mining Ltd’s Post

Today we are excited to announced that De Grey has entered into a binding Scheme Implementation Deed (SID) under which it is proposed that Northern Star Resources Limited will acquire 100% of De Grey by way of Scheme of Arrangement Upon implementation of the Scheme, Northern Star will acquire De Grey and our flagship Hemi Gold Project, a low-cost, long-life and large-scale gold development project in the Pilbara region of Western Australia. The Scheme consideration, payable in Northern Star shares, values De Grey’s equity at approximately $5 billion on a fully diluted basis and has been unanimously recommended by the De Grey Board. Full details of the news can be found in our ASX announcement, here: https://bit.ly/4icZtHo   #DeGreyMining #DEG