Titan Minerals

The directors of West African focussed gold developer, Azumah Resources, say that this week’s unsolicited takeover offer from large shareholder and private equity partner, Ibaera Capital, appears opportunistic given that the group initially paid up to 3.7 cents per Azumah share to acquire its current 9.21% holding in the company. The off-market, all cash takeover offer of 2.8 cents per share, is for all of the shares in Azumah that Ibaera does not already own.

Stephen Stone is the managing director of Azumah. facebook twitter linkedin print Azumah Resources has responded to Ibaera Capital’s hostile takeover bid with aversion, stating that the mining equity fund was willing to pay substantially more for its current stake in the gold junior than the price of its takeover offer. To read more, please Login below or Subscribe. For first time subscribers, our monthly payment starts at $1 + GST for the first month.

Titan executive director Matthew Carr previously played for the Fremantle Dockers. facebook twitter linkedin print Subiaco-based Titan Minerals has launched its second takeover offer this year for Canada-based Core Gold, which is the largest gold producer in Ecuador, for a lower value than its initial bid. To read more, please Login below or Subscribe. For first time subscribers, our monthly payment starts at $1 + GST for the first month.