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Allion acts for Ramelius Resources (ASX: RMS) in Explaurum acquisition

7 March 2019


Allion has acted for Ramelius Resources on its successful, hostile off-market bid for Explaurum Limited. Ramelius originally launched its unsolicited bid in September 2018 and achieved 90% acceptances and moved to compulsory acquisition in February 2019.

The consideration under the bid was a mixture of Ramelius shares and cash, valuing Explaurum at approximately $70M.

 

 

 

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