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Magnetic Resources’ Options Cancelled for Cash Ahead of Genesis Takeover
4:02pm on Wednesday 18th of March, 2026 AEDT
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Mining
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Magnetic Resources’ Options Cancelled for Cash Ahead of Genesis Takeover
4:02pm on Wednesday 18th of March, 2026 AEDT
Key Points
Genesis Minerals to acquire all Magnetic Resources shares via scheme of arrangement
Outstanding Magnetic Options cancelled for A$0.47 each without shareholder approval
ASX grants waiver of Listing Rule 6.23.2 to facilitate options cancellation
Magnetic Performance Rights to vest and be exercised before record date
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MAGNETIC RESOURCES (ASX:MAU)
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