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Why Is Strickland Metals Distributing 1.2 Billion Gateway Shares to Investors?
1:31pm on Friday 18th of July, 2025 AEST
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Why Is Strickland Metals Distributing 1.2 Billion Gateway Shares to Investors?
1:31pm on Friday 18th of July, 2025 AEST
Key Points
1.2 billion Gateway Convertible Preference Shares to be distributed in-specie
Strickland’s holding in Gateway reduced from 1.5 billion to 300 million shares
Shares initially unquoted on ASX but expected to convert into tradable Gateway Shares
Offer subject to shareholder approval and asset sale agreement conditions
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