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Torque Metals and Aston Minerals Confirm Merger Terms with Independent Expert Appointment
8:15am on Thursday 30th of January, 2025 AEDT
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Mining
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Torque Metals and Aston Minerals Confirm Merger Terms with Independent Expert Appointment
8:15am on Thursday 30th of January, 2025 AEDT
Key Points
Aston shareholders to receive 1 Torque share for every 5.2 Aston shares
Independent expert BDO Corporate Finance appointed to review merger fairness
Torque to acquire 100% of Aston’s unlisted options under specified terms
Post-merger ownership split expected to be 50/50 between Torque and Aston shareholders
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