Ramelius acquires controlling interest in the Breaker

The Board of Breaker Resources NL (ASX: BRB) has been informed by Ramelius Resources Limited (ASX: RMS) that the number of acceptance forms received in connection with the takeover offer for Breaker announced on 20 March 2023 has now surpassed 50.1% of Breaker's issued share capital.

According to the plans stated in the bidder's statement on 27 March 2023, Ramelius aims to exercise the control it has just gained, including by nominating most breaker directors. Ramelius strongly recommended the remaining Breaker shareholders to accept Ramelius' offer, which is unconditional and approved by Breaker's Board of Directors, given that Ramelius owns a majority of the shares in Breaker and appointed a majority of the Breaker Directors.

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