Australian gold miner Regis Resources Ltd. agreed to buy Vault Minerals Ltd. in an all-share transaction that they said values the combined entity at about A$10.7 billion ($7.7 billion).
Vault shareholders will receive 0.6947 new fully paid ordinary shares in Regis for each share held, the companies said in a joint statement. The new entity will overtake Evolution Mining Ltd. to become Australia’s third-largest gold producer by market capitalization.
