OZ Minerals to take out Cassini

OZ Minerals will acquire its West Musgrave joint venture partner Cassini Resources in a deal valuing Cassini at A$76 million.

The remote West Musgrave project in Western Australia

Cassini shareholders will receive one OZ share for every 68.5 shares held, valuing the junior at 15c, above its 12.5c closing price on Friday.

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