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Intermin Resources Ltd. and MacPhersons Resources Ltd. have executed a Merger Implementation Agreement to combine via a Scheme of Arrangement, with Intermin offering 1 share for every 1.8227 MacPhersons shares, valuing MacPhersons at approximately A$0.0825 per share. The merged entity will be renamed Horizon Minerals Ltd.
“Transformational combination of the two companies, with combined estimated Mineral Resources of 1.15Moz of gold”rohstoff-welt.de
Summarized from public sources; check the original articles before acting on it.