India, June 22 -- Kinterra Capital GP Corp. II confirmed that it has submitted a non-binding, indicative proposal to acquire 100% of the shares in New World Resources Limited (NWC.AX) for an all cash consideration of A$0.057 per share.
Kinterra believes the Kinterra Proposal is in the best interest of New World shareholders and represents a Superior Proposal to the revised agreement entered into by New World and Central Asia Metals Plc (CAML.L) on June 20, 2025.
In addition, Kinterra currently has a 19.16% relevant interest in NWC shares, making it highly unlikely that the proposed CAML scheme will be successful.
Kinterra said it looks forward to constructive engagement with the New World Board of Directors over an expedited timeline.
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