Ramelius Resources Limited has announced that it has now acquired a relevant interest in excess of 90 per cent of Breaker Resources NL shares.
Following the announcement, Ramelius will now move to acquire all remaining Breaker shares.
Ramelius noted that the offer will close at 7:00 pm on 15 May and will not be further extended.
Breaker shareholders who have not accepted the offer before the closing date will not receive the offer consideration until after the compulsory acquisition process is completed, which is likely to be longer than a month after the offer closes.
Ramelius urges all remaining Breaker shareholders to accept the offer without delay to receive consideration within 10 business days.
Breaker shareholders may now be eligible to receive rollover tax relief, while shareholders who would otherwise have a capital gain on their Breaker shares can choose to apply capital gains tax rollover relief to that gain.
Ramelius also noted that Breaker shareholders should seek their own tax advice in relation to the availability of scrip for scrip rollover relief.
