Alkane Resources has completed its $1 billion merger with Canada's Mandalay Resources, creating a dual-listed gold-antimony producer with operations in three countries.
West Perth-based Alkane Resources has filed documents to merge with Canada-based Mandalay Resources Corporation, with the market cap of the combined entity valued around $1 billion.
Our board moves wrap includes Nev Power, Michael Bowen, Nicholas Earner, Craig Bradshaw, Raleigh Finlayson, Michael Fowler, Graeme Smith, and Tracy Caudwell.
Raleigh Finlayson is set to lead Genesis Minerals after agreeing to invest $7 million in the local gold explorer, as part of a broader raising backed by Nev Power and Michael Bowen.
Alkane Resources has received commitments to raise $20 million through a share placement, and up to $34.8 million through a 1-for-8 rights issue, to accelerate exploration and development programs in the Tomingley gold corridor in New South Wales.
Our daily board moves wrap includes Grant Anderson, Andrew Bloore, Nicholas Earner, Benjamin Jarvis, Sam Jarvis, Lynne Saint, Mark Ashley, Charles Thomas, Peter Newton, Simon Heggen, Brett Lambert, Patrick O'Connor, Anthony Polglase, David Buckingham, and John Mair.
Paul Thomson has signed a new service agreement with A-CAP Resources and will transition from his current role of managing director to chief executive.
