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BRIEF-Moly Mines offer to acquire Gulf Alumina

Published 22/09/2016, 09:42 pm
© Reuters.  BRIEF-Moly Mines offer to acquire Gulf Alumina
MOL
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Sept 22 (Reuters) - Moly Mines Ltd MOL.AX :

* Moly Mines offer to acquire gulf alumina MOL.AX

* Entered into an offer implementation agreement with gulf alumina limited

* It is proposed that Moly will acquire all the issued ordinary shares in gulf

* Gulf's directors have unanimously recommended the offer

* Gulf shareholders who accept the offer will receive a combination of A$0.46 cash plus 1.4 Moly options for each gulf share they hold

* Source text for Eikon ID:nASX33FGVs

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