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Toro Energy Limited (ASX:TOE)

ALERT: Price-sensitive ASX Announcement for TOE
Current share price for TOE : $0.550 0.225 (69.23%)+
Announcement
Release
13 Oct 2025 8:37AM
Price at Release
$0.325
Full Release
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Summary
IsoEnergy Limited entered into a Scheme Implementation Deed with Toro Energy Limited, proposing a scheme whereby Toro would become a wholly owned subsidiary of IsoEnergy. The scheme involves IsoEnergy issuing new shares to Toro shareholders, and it aims to combine the mineral resources of both companies. Key conditions include court and shareholder approvals, and regulatory consents from ASIC, ASX, TSX, and NYSE. The scheme's execution involves multiple steps including approvals from relevant authorities, shareholder meetings, and court dates. It is scheduled to be implemented in early 2026, with the delisting of Toro from the ASX following the completion of the scheme.
Key Points
  • IsoEnergy and Toro Energy entered into a Scheme Implementation Deed.
  • The scheme aims to make Toro a wholly owned subsidiary of IsoEnergy.
  • New IsoEnergy shares will be issued to Toro shareholders.
  • Requires court and shareholder approvals, and regulatory consents.
  • The scheme is scheduled for implementation in early 2026.
  • Involves delisting of Toro from the 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.