Westgold Resources LtdASX: WGX

Gascoyne Takeover Update

· Issued by Westgold Resources Ltd

Filed with ASX · · 1 page · English

Summary by 6ix AI

Westgold Resources Ltd has announced an update regarding its takeover bid for Gascoyne Resources Limited, stating that the approval of the Firefly Scheme by the Supreme Court of Western Australia has forced the end of its superior offer. Westgold has indicated that it will not waive any conditions of its offer and has sought consent from ASIC to withdraw its bid under the Corporations Act. Executive Director Wayne Bramwell expressed disappointment over the court's decision, emphasizing the potential benefits of a merger for shareholders.

Written by 6ix AI from the company’s filing. How 6ix writes summaries

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