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OZ Minerals announces takeover offer for Avanco Resources

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OZ Minerals announces takeover offer for Avanco Resources

27 March 2018

OZ Minerals Limited today announces that it intends to make an off-market takeover offer to acquire all the shares of Avanco Resources Limited, a Brazilian-focused copper/gold mining company. Avanco shareholders will receive A$0.085 cash and 0.009 OZ Minerals shares per Avanco share.

The acquisition of Avanco would immediately add to OZ Minerals' copper production profile and provides expansion options in the highly prospective Carajás copper province and Gurupi gold belt in Brazil.

 

Read more here.

Source: ASX Release, OZ Minerals

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