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Nex Metals Converts Deferred Shares to Upfront in Arika JV Sale
7:02pm on Thursday 9th of April, 2026 AEST
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Nex Metals Converts Deferred Shares to Upfront in Arika JV Sale
7:02pm on Thursday 9th of April, 2026 AEST
Key Points
Amended deal increases upfront Arika shares by 12 million, replacing deferred consideration
Transaction valued at $2.5 million cash plus $2.3 million in Arika shares at announcement price
Shareholder meeting set for 15 May 2026 to approve disposal of main undertaking
ASX requires Nex Metals to demonstrate operational and financial adequacy within six months
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Nex Metals Exploration (ASX:NME)
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