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.

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.

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