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Brazil-focused gold explorer Crusader Resources has recommended shareholders accept an all-scrip takeover offer from AIM-listed Stratex International, that value the target at $54 million. Perth-based Crusader and Stratex have entered into a binding scheme implementation deed, under which every Crusader share will be exchanged for 6.6 common Stratex shares or 6.6 Stratex shares in the form of ASX-listed chess depository interests.
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