ASX:PTN

3 stories mentioning ASX:PTNUpdated 38d ago

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

Patronus Resources Conditionally Agrees to Vote for Emmerson Resources-Pan African Resources Deal

Emmerson Resources (ASX:ERM) said shareholder Patronus Resources (ASX:PTN) has conditionally agreed to vote in favor of Pan African Resources' proposed acquisition of Emmerson, according to a Wednesday filing with the Australian bourse.Patronus, which holds about 7.4% of Emmerson's issued share capital, will vote for the deal if the share exchange ratio is at least 0.1493 Pan African shares for each Emmerson share. The positive vote is also subject to no superior proposal emerging and independent experts finding the deal to be in the best interests of Emmerson shareholders, per the filing.Emmerson Resources shares were down 3% on market close, while Patronus Resources fell nearly 2%.

ASX:ERMASX:PTN

Asia65d ago

Golden Mile to Sell Remaining 20% Stake in Western Australia Joint Venture to Patronus Resources for AU$250,000; Golden Mile's Shares Reach Lowest-Ever Point

Golden Mile Resources (ASX:G88) entered into a binding agreement to sell its remaining 20% interest in the Leonora gold joint venture in Western Australia to Navigator Mining, a wholly-owned subsidiary of Patronus Resources (ASX:PTN), for cash consideration of AU$250,000, according to separate Tuesday Australian bourse filings.The joint venture includes the Benalla, Normandy, Monarch, and Ironstone Well project areas.Completion of the deal is expected in the coming week, subject to the satisfaction or waiver of the remaining conditions precedent.Drilling in the area is planned to begin after the completion of a heritage survey with the Nyalpa Pirnuku Native Title Group.Golden Mile's shares fell past 7% in recent trading on Tuesday, reaching their lowest ever point. Meanwhile, Patronus' shares rose 1%.

ASX:G88ASX:PTN

Asia65d ago

Patronus Resources Acquires Remaining Stake in Western Australia Project's Guppy Gold Prospect; Shares Up 3%

Patronus Resources (ASX:PTN) purchased the remaining 20% stake in the Guppy-Benalla prospect for AU$250,000 in cash, giving it full ownership of the tenure within the Cardinia Gold Project in Western Australia, according to a Tuesday filing with the Australian bourse.The acquisition follows the completion of a AU$2 million, 80% earn-in over the tenements, and eliminates joint venture restrictions to give the company full control over exploration and any future development pathways, per the filing.Previous drilling at the area returned high-grade intercepts, including 12 meters at 12.4 grams per tonne grade of gold from 20 meters. The company said follow-up air core and reverse circulation drilling is planned, subject to the finalization of heritage surveys.Shares of Patronus Resources gained nearly 3% in recent Tuesday trading.

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