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Takeovers Panel Flags Unacceptable Circumstances in Alara Resources Rights Issue

7:03pm on Monday 2nd of June, 2025 AEST Mining
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Takeovers Panel Flags Unacceptable Circumstances in Alara Resources Rights Issue

7:03pm on Monday 2nd of June, 2025 AEST
Key Points
  • Takeovers Panel declares unacceptable circumstances over Alara's rights issue
  • Inadequate disclosure on fundraising needs and ATI's role highlighted
  • ATI's delayed substantial holding disclosure breaches Corporations Act
  • Alara ordered to pay $2,400 in costs to applicants
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