GENESIS MINERALS LIMITED

GENESIS MINERALS LIMITED (ASX: GMD)

Genesis Minerals Limited is on track to acquire St Barbara Limited's Leonora assets in Western Australia by 30th June 2023.
The amended agreement includes A$370 million cash, 152,826,087 Genesis shares, and 52,173,913 performance rights that will convert into shares upon completion of the acquisition.
This acquisition is in line with Genesis' focus on becoming a leading ASX gold house in the Leonora District, with production growth to a sustainable +300,000 ounces per annum.

2023-05-15 09:26:00

St Barbara Limited received a non-binding competing proposal from Silver Lake Resources for its Leonora assets, but the board does not consider it superior to the Genesis Minerals Limited acquisition.
The St Barbara Board of Directors continues to unanimously recommend the Genesis Transaction, subject to no superior proposal emerging.
Completion of the Genesis Transaction is on track for 30th June 2023.

2023-05-04 16:07:00

Genesis Minerals Limited will acquire St Barbara's Leonora assets in Western Australia, focusing on sustainable, high-quality production in the district.
The company has secured firm commitments to raise A$470 million through a two-tranche placement of fully paid ordinary shares to professional and sophisticated investors.
The acquisition is expected to unlock significant synergies and position Genesis as a gold industry leader in the Leonora District.

2023-04-17 10:22:00

Genesis and St Barbara are exploring alternative transaction structures and capital requirements due to recent operational and financial performance changes.
The "Margin over ounces" plan remains intact for Hoover House, targeting 300,000 ounces per annum and consolidating the Leonora province.
Both company shares have been placed in trading halt during ongoing discussions regarding potential alternative transaction structures.

2023-04-04 10:20:00

The offer will close 5pm Perth time on Monday 20th February and will not be extended.
The Offer is best and final and unconditional; there will be no increase in consideration.
Dacian shareholders may be eligible for rollover tax relief if Genesis reaches 80%.

2023-02-01 15:41:00