Sternship Advisers’ Post

OreCorp Limited has announced a recommendation to accept the amended Perseus proposal following the lapse of the Silvercorp Metals Inc off-market takeover bid (Silvercorp Offer), as outlined in ASIC Form 604 released by Silvercorp today.   As one or more of the defeating conditions of the Silvercorp Offer were not waived or satisfied by the Closing Time (being 7pm (Sydney time) on 22 March 2024), the Silvercorp Offer has now lapsed and acceptances of this Offer have become void.   The OreCorp Board now unanimously recommends that OreCorp Shareholders ACCEPT the amended Perseus proposal, in the absence of a superior proposal. The OreCorp Board notes that no superior proposal has so far emerged.   OreCorp Directors, holding approximately 3.9% of the OreCorp shares intend to accept the amended Perseus proposal.   See the full announcement: https://bit.ly/4ctAsos

Following an unsolicited takeover offer from PRM Services, Sierra Rutile has this morning, released an announcement to advise shareholders to Take No Action. Sierra Rutile’s Chairman Greg Martin commented: “We have formed the view that the Offer is opportunistic, inadequate and undervalues the Company, following the Board’s preliminary review of the unsolicited on-market takeover offer from PRM. PRM has opportunistically timed its Offer ahead of key value catalysts, such as the Sembehun DFS, and we do not believe it reflects Sierra Rutile’s significant strategic value as a major participant in the global mineral sands industry. However, the Board will continue to assess the on-market takeover further and issue an official Target’s Statement containing a formal recommendation from Sierra Rutile’s Directors in relation to the Offer. In the interim, the Sierra Rutile Board unanimously recommends shareholders continue to TAKE NO ACTION in relation to the Offer.” Read the full announcement here: https://lnkd.in/g6_trXmY #ASX #Africa #MineralSands #SierraLeone

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Larvotto has entered into a binding Underwriting Agreement with Aitken Mount Partners, Blue Ocean Equities Pty Ltd and Canaccord Genuity (Australia) Limited to ensure that approximately $4.5 million of cash will be received from the exercise of certain ASX listed Larvotto options (ASX:LRVO). These LRVO options were issued in conjunction with the Company’s Initial Public Offering in late 2021. There are circa 14.9 million options outstanding which are the subject of the Underwriting Agreement and the options have a strike price of $0.30 with an expiry date of 1 December 2024. Managing Director, Ron Heeks, commented: "To date, 2024 has been a watershed year for the shareholders of Larvotto, reflected in the substantial rerating of the shares in the Company. The underwriting of these options from our 2021 IPO provides us with an excellent capital base to add further shareholder value as we head into our planed Hillgrove antimony / gold development in 2025." Read the full ASX announcement: https://lnkd.in/gJuGcjWh #LRV

Trident Royalties plc (AIM:TRR, OTCQX:TDTRF) has recommended an all-cash takeover offer from Deterra Global worth 49p a share, valuing the group at £144 million. The price is a 22.5% premium to yesterday’s close and 42% above the market price in April when Deterra made a first non-binding, conditional proposal at 44p per share Trdient's business is similar to Deterra's, said the statement, notably the Thacker Pass lithium asset in the US, which “aligns squarely with Deterra's target investment criteria”. Deterra is based in Perth, Australia and listed on the ASX with a market capitalisation of approximately A$2.4 billion (£1.25 billion). Irrevocable undertakings to accept the offer have been received from approximately 24% of Trident's shareholders, with Amati Global also indicating it will accept with its 4%. More at #Proactive #ProactiveInvestors #tridentroyalties #mining http://ow.ly/f4Th105wzsG

https://lnkd.in/dvGMhU-C In response to a series of contentious r... In response to a series of contentious reports, Leonoil Company Limited, one of the leading petroleum marketing firms in Sierra Leone, has come forward to clarify details regarding a disputed transaction with SKM Enterprise, owned by CEO Jaffer Zeghir, which occurred three years prior. The controversy stems from allegations of tax evasion associated with a […] https://lnkd.in/dd8exSC4

We’ve reached 53.43% acceptance for our takeover offer for Mako Gold (ASX: MKG). The Mako directors have unanimously recommended that Mako Shareholders and Mako Optionholders accept the Offers in the absence of a Superior Proposal and have already accepted into the Offers. We urge all remaining Mako Shareholders and Mako Optionholders to accept the Offers without delay. If you haven’t accepted yet, here’s how to do it online: - Go to Automic. https://lnkd.in/gHjF3xJv  - Click “Register,” then select “Mako Gold Takeover Offer” from the dropdown in the Issuer Name field. - Enter your Securityholder Reference Number (SRN). - Enter your postcode or country of residence (if outside Australia). - Tick the box “I’m not a robot” and select “Next.” - Complete the prompts to set up your username and password. - Once logged in, select “Offers” from the left-hand menu and follow the prompts.   For full details, refer to the Bidder’s Statement - https://lnkd.in/g7_SRtcy #ASX #AurumResources #MakoGold #GoldExploration #MiningTakeover #MKG

#ASXNews Pacgold is pleased to release its Share Purchase Plan Offer ("the Offer") to Eligible Shareholders. The Offer enables Eligible Shareholders to apply to purchase up to A$30,000 worth of ordinary shares in #PGO at $0.09 per share. The purchase price of $0.09 per Share is an approximate 24.9% discount to the volume weighted average market closing price over the five ASX trading days immediately preceding the Announcement Date, 26 September 2024, on which PGO shares were traded. PGO intends to raise approximately $1.5 million under the Offer. The Offer is not underwritten. Proceeds of the Offer, along with proceeds ($4.1m) from the placement announced by the Company on 26 September 2024, will primarily be applied to accelerate #gold exploration at the Alice River Gold Project - where a large scale aircore and reverse circulation (RC) drill program has commenced along the 30km anomalous corridor. VIEW the Announcement: https://loom.ly/GM6ayNc #SPP #ShareholderOffer #Pacgold #GoldNews

Congratulations to Rektron Group Inc (CSE: REK.U) on closing the initial public offering #IPO for US$5 million and listing its common shares on the Canadian Securities Exchange (CSE). Research Capital acted as the sole agent and sole bookrunner for the IPO.   The proceeds from the offering will be used for scaling up Rektron’s trading activities and for working capital.   Rektron Group Inc. is the holding and parent company of Rektron AQ Limited, which is the holding and parent company of DL Hudson Limited. DL Hudson Limited is the trading arm of a group of companies, of which there are several subsidiaries that support the group's global #commodity trading operations.   Rektron focuses on maintaining an experienced team of management and traders, extensive geographical and product diversification, trading and logistical expertise, and financial and risk management. The trading expertise includes principal #energy and #metals products, particularly ferrous and nonferrous metals, Energy Transition Commodities, recycled metals and crude and Euro VI-compliant refined #oil products. Rektron Group Inc. transacts across all compliant markets following the international trade regulations and guidelines.   View the press release here: https://lnkd.in/eXUj_XNW   #trading #capitalmarkets #equity #stocks #investing #investmentbanking

Are you following #Insider #Trading and #Investing #Activities.. well I do and I think you should do too. Thanks to CEO.CA 🔺 this is easier as you might think, as they have a header named "INSIDER" which is absolutly worth to click there from time to time to check companies you own and follow names that put a decent amount into their own managed pubcos. One of them is called Mark Saxon - CEO of T2 Metals Corporation (TSXV: TWO) a #Copper play with a very tight sharestructure, an highly attractive #risk #reward #ratio and what makes me even more bullish on the company is a look in the insider trading book: As background: The firm which just closed the first tranche of a 2 Mio CAD Financing. Mark himself who is buying in the open market regularly put up 150.000 CAD in the #Financing as well as a gentlemen who is called #NickDeMare (CFO of TWO) who participated as well with a smaller amount. Myself as investor for my family office and shareholder of TSX-V: $TWO of like such engagements in #PrivatePlacements and #OpenMarket #Purchases as it shows me committment and faith in in the merits of their company and their operations. Interests are totally alligned with external shareholders. Congratulations Mark Saxon for the first closing - you lead by example for others! I am very excited about the upcoming drilling campaign in #Manitoba #Copper #InvestmentCase #FamilyOffices #HNWIs #SmartInvestors #Canada #Masterpiece of #CorporateBuilding #Allignment with #Shareholders. https://lnkd.in/dNDhpDHM