The off-market takeover offer values Windward at $0.19 per share.
Windward holds a large exploration footprint in the Fraser Range region of Western Australia.
Independence Group NL mopping up last Windward shares
Mining-powerhouse Independence Group NL (ASX:IGO) now holds a circa 94% stake in Windward Resources Ltd (ASX:WIN), as the company mops up the final shares after recently proceeding with compulsory acquisition.