Northern Star Resources Ltd. declared its bid to acquire the remaining shares in Echo Resources Ltd. at 33 Australian cents apiece unconditional.
The company said Sept. 23 that it has a 21.99% interest in Echo, and the offer is scheduled to close Oct. 14.
In late August, the company offered to wholly acquire Echo in a deal valuing the latter at A$242.6 million.
Echo directors unanimously recommended that shareholders accept the offer, in the absence of a superior proposal.
