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WA gold companies to merge

Western Australia gold producer Dacian Gold will acquire Leonora explorer NTM Gold in a scrip transaction worth about A$96 million.

WA gold companies to merge WA gold companies to merge WA gold companies to merge WA gold companies to merge WA gold companies to merge

Dacian Gold's Mt Morgans plant in Western Australia

The two will merge via a scheme of arrangement that will see NTM shareholders end up with 31.6% of the enlarged Dacian.

Dacian will offer one share for every 2.