# Dacian and NTM to merge via scheme of arrangement

Dacian and NTM Gold will merge via a scheme of arrangement, with NTM shareholders receiving one Dacian share for every 2.7 NTM shares held, plus one option. NTM shareholders will end up with 31.6% of the enlarged Dacian.

- Type: Acquisition
- Announced: 2020-11-16
- Where: Australia
- Status: announced
- Products: gold mining
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Dacian Gold](https://endata.com/companies/5872.md) (acquirer)
- [NTM Gold](https://endata.com/companies/51235.md) (target)

## Sources

- [miningnews.net](https://www.miningnews.net/m-a/news/1399283/dacian-ntm-merge), 2020-11-16: "The two will merge via a scheme of arrangement that will see NTM shareholders end up with 31.6% of the enlarged Dacian."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.