ASX:FEG

4 stories mentioning ASX:FEGUpdated just now

Every FINWIRES story that references ASX:FEG, newest first.

Far East Gold Takes Majority Ownership of Indonesia Gold Project

Far East Gold (ASX:FEG) said it now holds 51% ownership of the Idenburg gold project in Indonesia following the completion of the first stage of a conditional share purchase agreement, according to a Monday filing with the Australian bourse.The company issued 50 million ordinary shares to Eloquent Enterprises in stage-one consideration at a price of AU$0.13 each for AU$6.5 million, per the filing.Far East Gold said it will have the right to increase its ownership of Idenburg to 80% upon the Indonesian Ministry of Energy and Mineral Resources' acceptance of a feasibility study that is expected to be filed by the fourth quarter.The project hosts an inferred mineral resource of about 780,000 ounces of gold at an average 3.1 grams per tonne grade.

ASX:FEG

Asia10d ago

Update: Far East Gold Continues to Recommend Shareholders Take No Action on Xingye Gold Offer; Shares Up 3%

(Updates with the stock movement in the headline and last paragraph.)Far East Gold (ASX:FEG) said Xingye Gold (Hong Kong) Mining dispatched a bidder statement for its offer to acquire all of the company's ordinary shares that it does not already hold for AU$0.13 each in cash, according to a late Thursday filing with the Australian bourse.Far East Gold reiterated its recommendation that shareholders take no action on the off-market acquisition bid, saying that the offer is opportunistic in both its timing and pricing.The company's shares rose past 3% in recent Friday trade.

ASX:FEG

Asia10d ago

Far East Gold Continues to Recommend Shareholders Take No Action on Xingye Gold Offer

Far East Gold (ASX:FEG) said Xingye Gold (Hong Kong) Mining dispatched a bidder statement for its offer to acquire all of the company's ordinary shares that it does not already hold for AU$0.13 each in cash, according to a late Thursday filing with the Australian bourse.Far East Gold reiterated its recommendation that shareholders take no action on the off-market acquisition bid, saying that the offer is opportunistic in both its timing and pricing.

ASX:FEG

Asia25d ago

Xingye Silver & Tin Mining Launches AU$38-Million Takeover of Far East Gold

Inner Mongolia Xingye Silver & Tin Mining (SHE:000426) said its Hong Kong subsidiary has launched a voluntary full takeover offer for ASX-listed Far East Gold (ASX:FEG).The offer price of AU$0.13 per share represents a total consideration of AU$38 million, according to a Thursday filing with the Shenzhen bourse.Far East Gold holds six exploration-stage mining projects across Indonesia and Australia.Shares of the mining company were down 4% in recent trade.

ASX:FEGSHE:000426

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