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Alto Metals Limited (ASX:AME)
ALERT: Price-sensitive ASX Announcement for AME
Current share price for AME : $0.094 0.003 (3.30%)+
Announcement
Release
29 Nov 2024 1:48PM
Price at Release
$0.091
Full Release
Summary
Alto Metals Limited announced that the Supreme Court of Western Australia approved the scheme of arrangement for Brightstar Resources Limited to acquire 100% of Alto's shares. The scheme is set to become legally effective upon lodging the Court’s orders with ASIC by December 2, 2024, with shares in Alto expected to be suspended from trading on the ASX at that time. Additional key dates for the scheme's implementation have been outlined, including the record date and implementation date.
Key Points
- Supreme Court of Western Australia approves Scheme.
- Brightstar Resources Limited will acquire 100% of Alto's shares.
- Scheme becomes legally effective on December 2, 2024.
- Alto shares will be suspended from trading on ASX on December 2, 2024.
- Key dates for the Scheme have been outlined.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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