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Aston Minerals Limited (ASX:ASO)

ALERT: Price-sensitive ASX Announcement for ASO
Current share price for ASO : $0.022 0.003 (15.79%)+
Announcement
Release
17 Apr 2025 5:09PM
Price at Release
$0.019
Full Release
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Summary
Aston Minerals Limited (ASO) has entered a Scheme Implementation Deed with Torque Metals Limited (TOR) to facilitate a merger. An Independent Expert has concluded that the Share Scheme is not fair but reasonable, while the Option Scheme is fair and reasonable for shareholders. The draft Scheme Booklet was lodged with ASIC on 1 April 2025, and registered on 17 April 2025. Meetings for shareholders and optionholders are set for 22 May 2025 to vote on the Schemes. If approved, ASO will become a wholly-owned subsidiary of TOR and will be delisted from ASX.
Key Points
  • ASO and TOR entered into the Scheme Implementation Deed on 25 January 2025.
  • Independent Expert concluded Share Scheme is not fair but reasonable, and Option Scheme is fair.
  • Draft Scheme Booklet lodged with ASIC on 1 April 2025 and registered on 17 April 2025.
  • Shareholders and optionholders meetings scheduled for 22 May 2025.
  • If approved, ASO will become a wholly-owned subsidiary of TOR and be delisted from ASX.
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.