Gold Road Backs Northern Star Resources' Takeover Bid for De Grey Mining
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Gold Road Resources is set to vote in favor of Northern Star Resources' proposed acquisition of De Grey Mining , according to a Monday Australian bourse filing. Gold Road said it will vote all of the roughly 17.26% of De Grey shares on issue it owns in favor of the scheme of arrangement. That is equivalent to around AU$1.04 billion based on De Grey's closing share price as of April 11, per the filing. De Grey shareholders will vote on the scheme on April 16.
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