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Far East Gold Ltd (ASX:FEG)
ALERT: Price-sensitive ASX Announcement for FEG
Current share price for FEG : $0.145 -0.005 (-3.33%)+
Announcement
Release
11 Jun 2026 6:52PM
Price at Release
$0.150
Full Release
Summary
Far East Gold Limited (FEG) has issued an ASX announcement advising its shareholders to take no action concerning an offer from Xingye Gold (Hong Kong) Mining Company Ltd to acquire all ordinary shares of FEG for $0.13 per share. The Board of FEG considers the offer opportunistic and has advised shareholders not to respond to any communications from Xingye Gold. FEG is preparing a comprehensive response and will provide a formal recommendation in a Target’s Statement, which will include independent expert assessments. The company emphasizes reviewing this statement before making any decision. Far East Gold Ltd is an exploration company with six projects in Australia and Indonesia.
Key Points
- Far East Gold Limited recommends no action on Xingye Gold's offer.
- Xingye Gold Mining Company offers $0.13 per FEG share.
- FEG considers the offer opportunistic in timing and pricing.
- Shareholders advised not to respond to any Xingye Gold communications.
- The Board will provide a formal recommendation in a Target's Statement.
- Target's Statement will include independent expert assessments.
- Far East Gold is a copper/gold exploration company with projects in Australia and Indonesia.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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