DDH1-SMS deal advances

DDH1 and Swick Mining Services have entered into a scheme implementation agreement, advancing DDH1’s acquisition of the underground mineral analysis and drilling services business.

DDH1 is moving ahead with its plan to acquire Swick Mining Services.

22 October 2021
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The 0.39 DDH1 share for each SMS share deal gives SMS a $115 million enterprise value.

SMS shareholders will also receive Orexplore shares under the proposed Orexplore demerger.

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