Perpetual Resources Ltd: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Perpetual Resources Ltd Announces Proposed Acquisition Of Neo Resources Limited
Perpetual Resources Ltd (PEC) announced that the Company and Neo Resources Limited (NER) have entered into a Merger Implementation Agreement whereby it is proposed that PEC will acquire all of the issued capital in NER for the issue of 14,113,147 fully paid ordinary shares in PEC (PEC Shares). The acquisition of all of the fully paid issued shares in NER (NER Shares) is to be implemented by way of a Scheme of Arrangement under the Australian Corporations Act 2001 (Cth) (Corporations Act) under which NER shareholders will receive fully paid ordinary shares in PEC in consideration for all of the issued capital in NER (Scheme).
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