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Avesoro Resources said largest shareholder Avesoro Jersey would compulsorily acquire the remaining shares in the company that it did not already own, having built its stake to more than 90%.
Avesoro Jersey had offered £1.00 for each Avesoro Resources share in an offer that closed on Tuesday.
It had received acceptances by the deadline accounting for 97.9% of the company's shares on issue.
At 1:19pm: (LON:ASO) Avesoro Resources Inc. share price was 0p at 98.5p