Ariana Resources PLC has agreed to an all-share merger with Rockover Holdings and dual-list the new enlarged company in London and on the Australian Securities Exchange. Currently, Ariana has a 2.1% stake in Rockover, which owns 100% of the 1.3Moz Dokwe gold project in Zimbabwe. Following the merger, Ariana shareholders will own around 62.5% of…
Ariana Resources PLC on Thursday said it has agreed to buy all of Rockover Holdings Ltd, the owner of the Dowke gold project in Zimbabwe.
Ariana currently has a 2.1% stake in Rockover via its wholly.
Ariana Resources agrees all-share merger with Zimbabwe project owner | Finance News shareprices.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from shareprices.com Daily Mail and Mail on Sunday newspapers.
The following is a round-up of updates by London-listed companies, issued this week and not separately reported by Alliance News:
Develop North PLC - investor in residential and commercial.