Irish court approves another facet of Dalradian-Minco transaction

Dalradian Resources updated the market on the complex Minco transaction on Tuesday, which involves the Minco sale of Curraghinalt Royalty, the recommended offer for Minco by Dalradian, and the demerger of Buchans to Minco shareholders.

The AIM-traded firm noted that Minco had now received final approval from the Irish High Court for the acquisition of Minco's 2% net smelter return royalty on the Curraghinalt gold deposit by Dalradian.

“The transaction will be implemented by mean of a scheme of arrangement, under Chapter 1 of Part 9 of the Companies Act, 2014 of Ireland and in accordance with the Irish Takeover Panel Act, Takeover Rules 2013,” Dalradian’s board explained.

“Closing of the transaction is expected on 30 August."