Geopacific Resources (ASX:GPR) Announces St Barbara Acquisition of 14.4% Stake
Transaction Details
St Barbara Ltd will acquire 458.6 million Geopacific shares in exchange for its stake in Patronus Resources Ltd. The deal, pending Patronus shareholder approval, will result in St Barbara holding approximately 14.4% of Geopacific Resources.
Strategic Alignment
The acquisition aligns St Barbara’s operations in Papua New Guinea with Geopacific’s Woodlark Gold Project, enhancing Geopacific’s strategic position as it progresses toward developing the 1.67 million ounce Woodlark site.
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