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Maximus Resources Limited (ASX:MXR)

ALERT: Price-sensitive ASX Announcement for MXR
Current share price for MXR : $0.077 -0.003 (-3.75%)+
Announcement
Release
31 Mar 2025 9:32AM
Price at Release
$0.080
Full Release
download
Summary
Astral Resources NL has initiated a compulsory acquisition for remaining shares of Maximus Resources Limited after obtaining a relevant interest in over 90% of the shares. Shareholders who have not yet accepted the offer have until 7:00pm (AEDT) on 4 April 2025, to accept the offer and receive expedited payment. Post-offer, Astral will proceed with the compulsory acquisition process under the Corporations Act, with terms consistent with the initial offer. Notices regarding the acquisition and how to claim consideration will be sent to shareholders shortly after completion of the procedure.
Key Points
  • Astral Resources NL has acquired over 90% of Maximus Resources shares.
  • Compulsory acquisition will occur if shareholders do not accept the offer by 4 April 2025.
  • Accepted shareholders will receive consideration on an accelerated basis.
  • Compulsory acquisition terms will match the initial offer.
  • Shareholders will receive notices on how to claim their consideration post-acquisition.
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.