AUM.L Share News (AUM)

(ShareCast News) - Aurasian Minerals' offer for Moroccan Minerals went further into unconditional territory on Friday, with the company revealing it had received acceptance from shareholders representing 88.95% of the outstanding shares.The AIM-traded company completed its due diligence and posted an offer to shareholders in Moroccan Minerals on 18 January. On 22 February, it announced it had received acceptance of the offer from shareholders representing 64.8% of the outstanding equity.Aurasian said the offer was conditional on receiving acceptances from at least 51% of the outstanding shares, and as such the offer was now unconditional. Its board said it would keep the offer open until 25 March to give remaining shareholders the opportunity to return their votes.The firm's board said it would update the market once the acquisition had been completed.