SBM 2.40% $2.03 st barbara limited

News: SBM St Barbara To Consolidate Ownership Of Touquoy Mine

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    July 27 (Reuters) - St Barbara Ltd (SBM) :

    • TO CONSOLIDATE OWNERSHIP OF TOUQUOY MINE
    • TO ACQUIRE 100% OF SHARES IN MOOSE RIVER RESOURCES INCORPORATED THROUGH UNIT
    • TO BUY REMAINING MRRI SHARES BY WAY OF COURT APPROVED PLAN OF ARRANGEMENT FOR CASH OF C$60 M
    • PROPOSED THAT ST BARBARA WILL ACQUIRE REMAINING MRRI SHARES BY WAY OF A COURT APPROVED PLAN OF ARRANGEMENT FOR CASH OF ABOUT C$60 M
    • MRRI BOARD OF DIRECTORS HAS CONFIRMED THAT IT WILL RECOMMEND OFFER TO MRRI SHAREHOLDERS FOR THEIR APPROVAL
 
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