Overview of Emerald Resources' takeover offer for Bullseye Mining Limited

Emerald Resources NL (ASX: $EMR) has confirmed the completion of the withdrawal rights period related to its recommended and unconditional takeover bid for all of the issued shares of Bullseye Mining Limited (Bullseye). As of the date of the announcement, Emerald holds a relevant interest in 92% of Bullseye's shares. The company has also declared the offer as best and final, with no intention to increase it. Bullseye shareholders are encouraged to accept the offer without delay, with payment terms accelerated to within 10 business days for those who have not yet accepted.

Executive commentary on the completion of the takeover offer

The completion of the withdrawal rights period and the lack of withdrawals from Bullseye shareholders signify a significant milestone for Emerald Resources. We are pleased to have reached this stage and are committed to the successful closure of the recommended takeover offer for Bullseye. The accelerated payment terms demonstrate our dedication to swiftly finalizing the process for Bullseye shareholders who choose to accept the offer. We encourage all remaining Bullseye shareholders to consider accepting the offer without delay to facilitate a seamless transition.

Summary of Emerald Resources' takeover offer and outlook

Emerald Resources' declaration of the takeover offer as best and final, along with the holding of 92% of Bullseye's shares, reflects the company's strong position in the acquisition process. The encouragement for Bullseye shareholders to accept the offer without delay indicates Emerald's commitment to efficiently concluding the takeover. Looking ahead, Emerald Resources aims to continue its strategic growth and development, leveraging its highly credentialed gold project operational and in-house development team. The company's focus on environmental, social, and governance (ESG) factors, including the commitment to carbon-neutral operations in Cambodia, underlines its dedication to sustainable practices. With a robust management team and a history of successful project development, Emerald Resources is poised for continued progress and value creation.