Warriedar Resources Secures AGM Extension Amid Major Share Scheme Push

AGM Extension Granted to Facilitate Complex Share Schemes

Warriedar Resources (ASX, WA8) has formally announced that the Australian Securities and Investments Commission (ASIC) has granted an extension for the company to hold its 2025 Annual General Meeting (AGM). Originally scheduled for November 30, 2025, the AGM can now be deferred until January 31, 2026. This extension is a strategic move to accommodate the unfolding of significant share option schemes tied to a proposed acquisition.

Schemes Involving Capricorn Metals Acquisition

The extension is directly linked to Warriedar’s proposed share option schemes that involve acquiring all issued shares and options of Capricorn Metals (ASX, CMM). These schemes, collectively referred to as the "Schemes," are designed to restructure ownership and potentially expand Warriedar’s footprint in the gold mining sector. The company has been progressing through a detailed timetable of events, including court hearings and shareholder meetings, to secure the necessary approvals.

Key Dates and Process Milestones

The timetable for the Schemes is well-defined, with the first court hearing expected in late September 2025, followed by the dispatch of the Scheme Booklet to securityholders in early October. Shareholder meetings to vote on the Schemes are scheduled for early November, with a second court hearing to approve the Schemes anticipated by mid-November. If all approvals are granted, the effective and implementation dates are set for mid to late November 2025. These dates remain indicative and subject to change, but they provide a clear roadmap for investors and stakeholders.

Board Support and Shareholder Implications

Warriedar’s board has unanimously recommended the Schemes to shareholders, emphasizing that the proposed arrangements are in the best interests of the company and its securityholders. Directors have also committed to voting in favor of the Schemes on shares and options they control, signaling strong internal confidence. The outcome of these Schemes will have significant implications for Warriedar’s capital structure and strategic direction, potentially reshaping its shareholder base and operational outlook.

Looking Ahead

With the AGM extension secured, Warriedar can focus on navigating the complex approval process for the Schemes without the immediate pressure of the original AGM deadline. Investors will be watching closely as the company moves through court hearings and shareholder votes, which will ultimately determine whether the acquisition and associated share restructures proceed as planned.