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LONDON - Central Asia Metals PLC (AIM:CAML) has increased its offer price for New World Resources Limited (ASX:NWC) from A$0.055 to A$0.062 per share, valuing the Australian company at approximately A$230 million, according to a Thursday press release.
The increased offer follows CAML’s after-market purchase of 253,018,511 NWR shares, representing approximately 7.1% of NWR’s issued capital. The shares were acquired via off-market trades at A$0.062 per share following the close of trading on the Australian Securities Exchange.
CAML intends to formalize the price increase through a Deed of Variation to the Scheme Implementation Deed between the two companies. The acquisition is structured as an Australian Scheme of Arrangement announced on May 21, 2025, with subsequent revisions on June 20 and June 23, 2025.
The company is also running a parallel off-market takeover bid under Chapter 6 of the Australian Corporations Act, which was announced on June 20.
Central Asia Metals, headquartered in London and listed on the London Stock Exchange (LON:LSEG) since 2010, has a market capitalization of approximately US$380 million. The company owns the Sasa underground zinc-lead mine in North Macedonia and the Kounrad SX-EW copper project in Kazakhstan.
BMO Capital Markets is acting as lead financial adviser to CAML, with Canaccord Genuity also providing financial advisory services.
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