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Maximus Resources Limited (ASX:MXR)
ALERT: Price-sensitive ASX Announcement for MXR
Current share price for MXR : $0.077 0.007 (10%)+
Announcement
Release
17 Mar 2025 9:20AM
Price at Release
$0.070
Full Release
Summary
Astral Resources has declared its takeover offer for Maximus Resources Limited as best and final, with no increase in share consideration, and set a closing date for the offer on 21 March 2025. Astral currently holds 81.67% voting power in Maximus, qualifying shareholders for rollover tax relief. The offer remains unconditional, and accepted shares will be issued within 10 business days. Shareholders who do not accept the offer risk losing their potential consideration unless compulsory acquisition occurs.
Key Points
- Offer consideration declared best and final
- Closing date for the offer is 21 March 2025
- Astral holds 81.67% voting power in Maximus
- Offer is unconditional with accelerated payment terms
- Maximus shareholders who do not accept risk losing their consideration
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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