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Torque Metals Advances $100M Acquisition of Aston Minerals via Dual Scheme

7:03pm on Monday 2nd of June, 2025 AEST Mining
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Torque Metals Advances $100M Acquisition of Aston Minerals via Dual Scheme

7:03pm on Monday 2nd of June, 2025 AEST
Key Points
  • Scheme Implementation Agreement executed between Torque Metals and Aston Minerals
  • Acquisition structured via Share Scheme and Option Scheme with defined conditions precedent
  • Bidder to issue new shares to Aston shareholders at a ratio of 1 new share per 5.2 Aston shares
  • Regulatory and shareholder approvals required before scheme effectiveness
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