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Explaurum formally snubs Ramelius

As expected, Explaurum has urged shareholders to reject a scrip takeover from Western Australia gold producer Ramelius Resources, describing it as “opportunistic and inadequate”.

Explaurum formally snubs Ramelius Explaurum formally snubs Ramelius Explaurum formally snubs Ramelius Explaurum formally snubs Ramelius Explaurum formally snubs Ramelius

Ramelius launched the one-for-four scrip deal last month after trying to engage with Explaurum on friendly terms.

Explaurum said it had "gently" declined an invitation to enter into disc...

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