Tawana Resources and Alliance Mineral Assets merger approved by Australian government

Tawana Resources' proposed merger with Alliance Mineral Assets, valued at $446 million, received a 'no objection' response from the Australian Treasurer, satisfying a FIRB condition. The merger will create a new company with 50-50 ownership, dual-listed on ASX and SGX.

“The merger would result in the formation of a new company comprised of roughly 50-50 ownership between Tawana and Alliance.”australianmining.com.au

• 2 sources
• australianmining.com.auTawana and Alliance a step closer to $446m merger - Australian MiningBen CreaghJun 12, 2018
• pymnts.comCPI | Australia: Tawana and Alliance steps closer to mergerCPIJun 12, 2018

Summarized from public sources; check the original articles before acting on it.