Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

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<li>
<a href="https://www.smartkarma.com/entities/dgo-gold-ltd" target="_blank" data-smartkarma-citation="entities:8312:1" rel="noopener">DGO Gold Ltd (DGO AU)</a> has issued its Target Statement in response to <a href="https://www.smartkarma.com/entities/gold-road-resources-ltd" target="_blank" data-smartkarma-citation="entities:6698:1" rel="noopener">Gold Road Resources (GOR AU)</a>'s all-scrip off-market Offer. </li>
<li>The Offer was open to acceptance on the 8 April and will close (unless extended) on the 9 May. </li>
<li>DGO's directors unanimously recommend the Offer, in the absence of a superior proposal.</li>
</ul>



DGO Gold Ltd (DGO AU) has issued its Target Statement in response to Gold Road Resources (GOR AU)'s all-scrip off-market Offer. 
The Offer was open to acceptance on the 8 April and will close (unless extended) on the 9 May. 
DGO's directors unanimously recommend the Offer, in the absence of a superior proposal.


DGO Gold: Target Statement On Gold Road’s Offer

<ul>
<li>
<a href="https://www.smartkarma.com/entities/dgo-gold-ltd" target="_blank" data-smartkarma-citation="entities:8312:1" rel="noopener">DGO Gold Ltd (DGO AU)</a>'s board has recommended <a href="https://www.smartkarma.com/entities/gold-road-resources-ltd" target="_blank" data-smartkarma-citation="entities:6698:1" rel="noopener">Gold Road Resources (GOR AU)</a>'s all-scrip off-market Offer.</li>
<li>The indicative Ofer price is a 28% premium to last close. A key condition is  80% minimum acceptance by DGO shareholders. </li>
<li>A successful Offer would give the Gruyere gold mine owner a foothold in <a href="https://www.smartkarma.com/entities/de-grey-mining-ltd" target="_blank" data-smartkarma-citation="entities:6192:1" rel="noopener">De Grey Mining (DEG AU)</a>'s world-class Hemi Gold Discovery.</li>
</ul>



DGO Gold Ltd (DGO AU)'s board has recommended Gold Road Resources (GOR AU)'s all-scrip off-market Offer.
The indicative Ofer price is a 28% premium to last close. A key condition is  80% minimum acceptance by DGO shareholders. 
A successful Offer would give the Gruyere gold mine owner a foothold in De Grey Mining (DEG AU)'s world-class Hemi Gold Discovery.


Australia

DGO Gold Limited operates as a gold and base metals producer. The Company focuses on exploration and development of gold, copper, and zinc mining properties. DGO Gold conducts business in Australia.

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DGO Gold Ltd (DGO AU)

DGO Gold: Target Statement On Gold Road’s Offer

Trading at a 1.1% gross spread. This is a long DGO Gold, short Gold Resource trade, if you can secure reasonable borrow.

David Blennerhassett

DGO Recommends Gold Road's Firm Offer

Trading at a 1.3%/9% gross/annualised spread, assuming late May settlement. This is a long GOR, short DGO trade. I'm hearing borrow of ~25bps.

David Blennerhassett

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