Aguia Resources Limited's Takeover Offer for Andean Mining Limited

Aguia Resources Limited (ASX: $AGR) has issued a Bidder's Statement proposing a takeover offer to acquire all shares in Andean Mining Limited. The consideration offered is three Aguia Shares for every one Andean Share. The Takeover Offer is dated 21 February 2024 and will close at 5.00pm (Sydney time) on 8 April 2024, unless extended or withdrawn. The Non-Conflicted Andean Directors have unanimously recommended that Andean Shareholders accept the Takeover Offer.

Executive Commentary on Takeover Offer

The Bidder's Statement provides a comprehensive overview of the proposed takeover offer, including the share exchange ratio and the unanimous recommendation from the Non-Conflicted Andean Directors. It also outlines important information about investment risks, foreign jurisdictions, and forward-looking statements. Shareholders are encouraged to review the Bidder's Statement and seek professional advice if needed.

Summary of Takeover Offer and Outlook

Aguia Resources Limited (ASX: $AGR) has issued a Bidder's Statement proposing a takeover offer to acquire all shares in Andean Mining Limited. The offer involves a three-to-one share exchange ratio and is subject to certain conditions. The company aims to form a merged group through this acquisition. Shareholders are advised to carefully consider the information provided in the Bidder's Statement, including the risks and tax implications. The proposed takeover offer presents an opportunity for Andean Shareholders to evaluate their options and make informed decisions regarding the offer. Aguia Resources Limited continues to pursue its corporate strategy through this proposed acquisition.