Red 5 Limited (AU:RED) has released an update.
Silver Lake Resources Limited has registered its Scheme Booklet with the Australian Securities and Investments Commission, detailing the proposed merger with Red 5 Limited, which includes an independent expert’s report concluding the merger is fair and in the best interests of shareholders. The company’s board unanimously recommends shareholders vote in favor of the merger, with a Scheme Meeting scheduled for 31 May 2024 to decide on the matter. Shareholders are encouraged to review the booklet carefully and cast their vote.
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