Central Asia Metals plc has withdrawn its offer for New World Resources Ltd after rival Kinterra Capital GP Corp submitted a higher bid. BREAK FEE Central Asia today said that Kinterra’s offer of A$0.066 per NWR share “may reasonably lead to a superior proposal”. “After careful consideration, the board of CAML has decided not to […]
Tag: New World Resources Ltd
Central Asia increases offer for NWR
Central Asia Metals plc has increased its offer for 100% of New World Resources Ltd’s issued share capital from A$0.062 to A$0.065 per NWR share. RIVAL The new offer values the acquisition at approximately A$240 million. Central Asia’s unconditional offer is open for acceptance until 7pm (Sydney time) on 18 August 2025, unless extended. The […]
Central makes new offer for NWR
Central Asia Metals plc has offered to acquire the outstanding shares that it does not own in its target acquisition New World Resources Ltd via a NWR board recommended off-market takeover bid. MUTUAL The Australian explorer owns the Antler copper project in Arizona, the 4,000-acre Javelin project near Antler and the Tererro copper-gold-zinc project in […]
Central’s higher offer for NWR matched by rival
Central Asia Metals plc’s increased offer to buy USA-focused New World Resources Ltd for A$0.062 per NWR share has been matched by its rival and NWR’s largest shareholder. SUBSCRIPTION NWR holds the Antler copper project in Arizona which it describes as “one of the highest-grade emerging copper development projects in the world”. In the third […]
Central buys 253m shares in target acquisition
Central Asia Metals plc today bought more shares in its planned acquisition New World Resources Ltd and again increased its offer for the remainder. RIVAL The company acquired a total of 253,018,511 shares in NWR via off-market trades, representing approximately 7.1% of its issued capital, at $0.062 per NWR share. Central also proposes to increase […]
Central increases offer for NWR
Central Asia Metals plc has further increased its offer to buy New World Resources Ltd as it watches a rival bid for the US-focused base metal explorer. IMPLICATIONS Central, with interests in Kazakhstan, North Macedonia and Scotland, first made its offer in May to acquire 100% of NWR. On 20 June it bought 178,800,056 NWR […]