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11.7647 newly issued First Au shares for each Javelin Minerals share is the exchange ratio on an all-scrip, off-market takeover that would merge the two companies' gold portfolios in Western Australia's Eastern Goldfields.
Should First Au complete a proposed 20:1 capital consolidation, that ratio adjusts to 0.5882 First Au shares per Javelin share.
At those terms, Javelin shareholders would hold approximately 48.7% of the enlarged group, with existing First Au shareholders retaining 51.3%.
| Metric | Value | |---|---| | Exchange ratio, pre-consolidation | 11.7647 First Au shares per Javelin share | | Exchange ratio, post 20:1 consolidation | 0.5882 First Au shares per Javelin share | | Javelin pro-forma ownership | 48.7% | | First Au pro-forma ownership | 51.3% | | Combined reported mineral resources | 350,600oz Au | | Minimum acceptance threshold | 50.1% of Javelin shares | Combined asset base First Au brings Riverina East and Gimlet to the combined group; Javelin contributes Eureka and Coogee.
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