Regis Resources and Vault Minerals Announce A$10.7 Billion Merger Agreement
Regis Resources (RGS.AX) and Vault Minerals (VAU.AX) have signed a binding merger agreement valued at A$10.7 billion ($7.68 billion), creating Australia's third-largest listed gold producer with five operational mines in Western Australia. The transaction, structured as a scheme of arrangement through Vault, will result in Regis shareholders owning 51% and Vault shareholders holding 49%.
Topics: corporate strategy gold production mining