Pantoro Ltd (ASX:PNR) managing director Paul Cmrlec tells Proactive the company is moving to gain 100% ownership of the 4.79-million-ounce Norseman Gold Project in Western Australia through a merger with 50% owner Tulla Resources Plc (ASX:TUL) (Tulla Resources Plc (ASX:TUL)). The two companies have entered into a binding merger implementation deed for an all-scrip merger via a scheme of arrangement under the Companies Act 2006 (UK).
Pantoro looks to maximise value of Norseman Gold Project through merger