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Astral Resources NL (ASX:AAR)

ALERT: Price-sensitive ASX Announcement for AAR
Current share price for AAR : $0.115 -0.045 (-28.13%)+
Announcement
Release
31 Mar 2025 9:54AM
Price at Release
$0.160
Full Release
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Summary
Astral Resources NL has issued a Compulsory Acquisition Notice following its acquisition of approximately 90.5% of Maximus Resources' shares. This notice initiates the compulsory acquisition process under the Corporations Act 2001. Maximus shareholders who have not accepted the Offer can do so until 7:00 pm on 4 April 2025. Following the acceptance period, shares of Maximus will be suspended from trading, and the company will be removed from the ASX list.
Key Points
  • Astral has acquired approximately 90.5% of the shares in Maximus.
  • A Compulsory Acquisition Notice was issued on 31 March 2025.
  • Maximus' shares will be suspended from ASX trading five business days after the notice.
  • Shareholders have until 4 April 2025 to accept the offer.
  • Acceptance by shareholders will lead to accelerated consideration payments.
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.