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Magnetic Resources to be acquired by Genesis Minerals in recommended scheme with shareholder approval scheduled for June 2026

6:03pm on Wednesday 29th of April, 2026 AEST Mining
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Magnetic Resources to be acquired by Genesis Minerals in recommended scheme with shareholder approval scheduled for June 2026

6:03pm on Wednesday 29th of April, 2026 AEST
Key Points
  • Scheme Booklet registered with ASIC and dispatched
  • Magnetic shareholders offered cash and Genesis shares
  • Independent Expert concludes scheme fair and reasonable
  • Magnetic Board unanimously recommends scheme approval
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