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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
9 Jul 2026 10:13AM
Price at Release
$0.150
Full Release
download
Summary
The Second Supplementary Bidder’s Statement issued by Xingye Gold (Hong Kong) Mining Company Limited addresses the ongoing takeover bid for Far East Gold Ltd (FEG). The statement highlights that the Bidder now holds relevant interests in 33.79% of FEG shares and outlines conditional improvements to the offer price of $0.15 per FEG share, contingent upon obtaining more than 50% of all FEG shares by 21 July 2026. The offer price represents a significant premium over the recent trading prices of FEG shares. The document further describes the risks associated with not accepting the offer, such as uncertainties with FEG's projects, declining cash balances, and inadequate management practices. The offer period has been extended until 29 July 2026, encouraging shareholders to accept the offer promptly.
Key Points
  • Bidder holds relevant interests in 33.79% of FEG shares.
  • Conditional improvement to offer price of $0.15 per FEG share.
  • Offer price represents a premium over recent FEG share prices.
  • Risks include uncertainties with FEG's projects and declining cash balances.
  • Offer period extended until 29 July 2026.
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.