Panoramic Resources is pleased to provide an interview with Managing Director, Peter Harold on the status of the Company's projects, the nickel market outlook and plans for 2017 and beyond. Panoramic has recently completed a Feasibility Study for its Savannah nickel project, in Western Australia's East Kimberley region. The Feasibility Study demonstrated compelling economics and increasing commodity prices are offering a [...]
Magma Metals has today confirmed the appointment of advisers in respect of the unsolicited proposed takeover offer for Magma by Panoramic Resources Limited. Leading independent Australian adviser Gresham Advisory Partners has been appointed Corporate Adviser in relation to the Offer, with Jackson McDonald as Australian Legal Adviser and Cassels Brock & Blackwell as Canadian Legal Adviser.
Magma notes that Panoramic Resources has today announced its intention to make a conditional offer to acquire all of the Magma shares it does not currently own. The proposed Offer consideration is 2 Panoramic shares for every 17 Magma shares held, which according to Panoramic's announcement implies a value of AUD 14.94 cents per Magma share based on closing share prices on the ASX on February 2, 2012 (Panoramic: A$1.27 [...]
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