Rockwell said on Friday it had entered an acquisition and amalgamation agreement with Bristow’s wholly-owned 1274787 BC Ltd.
Under the deal, Rockwell shares – except those held by Bristow and any dissenting shareholders – would be exchanged for redeemable preferred shares in the amalgamated corporation, which would be immediately redeemed for C0.5c per share in cash.
Bristow had been acting CEO of Rockwell for six months to May 2011, joining the board later that year and currently holds about 2.4% of the JSE-listed company.
Bristow also led Africa-focused Randgold Resources before its merger with Barrick in 2018.
Rockwell was involved in alluvial diamond mining in South Africa but said its investments and mineral property interests i…
Read the full article at: https://www.mining-journal.com/m-amp-a/news/1402746/mark-bristow-makes-diamond-company-deal
