# First Au offers Javelin Minerals all-scrip takeover

> First Au proposes merging gold projects with Javelin Minerals for 350,000oz resource base
- Title: First Au offers Javelin Minerals all-scrip takeover | Shortify
- Summary: First Au proposes merging gold projects with Javelin Minerals for 350,000oz resource base Javelin shareholders get 11.7647 First Au shares per share in deal
- Keywords: first au, javelin minerals, australia, gold projects, takeover offer, western australia, scrip takeover, business, finance, First, offers, Javelin
- Source: Yahoo Finance — https://finance.yahoo.com/markets/commodities/articles/first-au-proposes-scrip-takeover-140420182.html
- Published: 2026-09-16T14:04:20+00:00
- Read time: 1 min
- Topics: first au, javelin minerals, australia, gold projects, takeover offer, western australia, scrip takeover, business, finance
## All-scrip takeover deal
First Au announced an off-market all-scrip takeover of Javelin Minerals combining gold projects in Western Australia.

> This transaction brings together two complementary Western Australian gold portfolios, experienced management teams and aligned shareholder bases under a single platform.
## Resource base details
Combined entity holds 350,600oz gold across Riverina East, Gimlet, Eureka and Coogee projects.
## Shareholder ratio
Javelin shareholders receive 11.7647 new First Au shares per Javelin share in the deal.
## Ownership split
After completion, Javelin shareholders hold 48.7% of First Au with First Au shareholders retaining 51.3%.
## Deal conditions
Transaction requires 50.1% shareholder acceptance and regulatory approval in Western Australia.
## Key takeaway

Javelin shareholders get 11.7647 First Au shares per share in deal