Aston Minerals and Torque Metals Progress Towards Merger with ASIC Registration

An update from Aston Minerals Ltd ( (AU:ASO) ) is now available.

Aston Minerals Limited and Torque Metals Limited have announced the registration of their Scheme Booklet with the Australian Securities and Investments Commission (ASIC), a significant step towards their proposed merger. The merger, conducted through schemes of arrangement, will see Torque Metals acquire all shares and unlisted options of Aston Minerals, subject to certain conditions. The Supreme Court of Western Australia has approved the dispatch of the Scheme Booklet to Aston Minerals’ securityholders, who are encouraged by the company’s directors to vote in favor of the merger, provided no superior proposal arises. The Scheme Booklet will be sent to securityholders on April 22, 2025, with options for electronic or paper access.

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Technical Sentiment Signal: Buy

Current Market Cap: $15.65M

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