Vault Minerals Gains 20% for the Week as Regis Merger Spread Tightens
Vault Minerals Ltd closed the week higher even after shares slid on Friday. The stock now trades closer to the level set by the pending merger deal with Regis Resources. Deal pricing is now the focus. At Friday’s close, Regis traded at A$6.94 and the 0.6947 exchange ratio valued Vault at about A$4.82 per share. That’s just above Vault’s A$4.80 close. Vault shares are moving more in line with Regis, trading around 0.6947 times each Regis share. For every A$1 shift in Regis, the deal value for Vault moves about A$0.695.
