Emerald Resources Becomes Golden Horse's Largest Shareholder With 20.5% Equity

MT Newswires Live

Dec 10, 2024

Emerald Resources (ASX:EMR) through its wholly owned subsidiary, Emerald Resources (WA), has now become Golden Horse's largest shareholder with 20.5% equity following the divestment of its Southern Cross gold project in the Northern Territory, according to a Monday filing with the Australian bourse.

This is equivalent to 32 million Golden Horse shares at a deemed issue price of AU$0.25 apiece, the filing stated. The subsidiary may receive further deferred consideration of up to AU$3 million in Golden Horse shares contingent upon achieving certain milestones.

The divestment is part of Golden Horse's AU$18 million initial public offering. Golden Horse is poised to join the official list of the Australian Securities Exchange once conditions are satisfied.

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The subsidiary may receive further deferred consideration of up to AU$3 million in Golden Horse shares contingent upon achieving certain milestones.</p><p>The divestment is part of Golden Horse's AU$18 million initial public offering. Golden Horse is poised to join the official list of the Australian Securities Exchange once conditions are satisfied.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7104","symbol_name":"黄金","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2490308522","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2490308522","pubTimestamp":1733780393,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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