Genesis Minerals intends to acquire Dacian Gold Limited

Genesis Minerals Limited (ASX: GMD) has announced its intention to acquire Dacian Gold Limited (ASX: DCN) via a unanimously recommended off-market takeover bid by Genesis for 100% fully paid ordinary shares in Dacian.

Under this offer, Dacian Shareholders would receive 0.0843 fully paid ordinary shares in Genesis for every 1 Dacian Share held. The acquisition of Dacian, if completed, will achieve sensible regional consolidation by combining the natural pairing of Genesis’ organic growth as well as high-grade Resources with Dacian’s large-scale strategic milling infrastructure at Mt Morgans,

The Company would conduct a strategic review of Mt Morgans in 2H FY2022.

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