Latest Asic News

The NSW Supreme Court has approved Aeris Resources' takeover of Peel Mining, setting in motion key dates for shareholder entitlements and trading suspension.

HITIQ Limited secured a Federal Court order extending the quotation period for its HIQOA listed options on the ASX, resolving a regulatory timing issue and validating the delayed admission.

Toro Energy’s takeover by IsoEnergy has officially become effective following Federal Court approval, setting key dates for share trading suspension and scheme implementation.

Vita Resources NL is offering existing shareholders in Australia and New Zealand a free pro-rata bonus issue of options exercisable at $0.056, aiming to enhance shareholder value without impacting cash reserves.

LE Minerals has progressed its $20 million sale of key Queensland graphite assets to M Battery Materials, which is preparing a $15 million ASX IPO. Shareholder approval for in-specie share distribution is expected within months.

The Federal Court of Australia has approved IsoEnergy's acquisition of Toro Energy, setting the stage for Toro's shares to be suspended and the deal to complete later this month.

Klevo Rewards’ Fly Wallet subsidiary is poised to launch a trial of its Australian dollar-backed stablecoin, KLVAUD, following legal advice confirming its eligibility under ASIC’s stablecoin framework.

Frasers Group has initiated an unconditional on-market takeover bid for Accent Group at $0.65 per share, aiming to increase its stake beyond 22.9% amid concerns over Accent’s recent financial performance and strategic direction.

Diamond Infraco has increased its takeover bid for Atlas Arteria to A$5.10 per security, marking a 17.78% premium over pre-offer prices and declaring the offer unconditional except for prescribed occurrences. The bidder urges securityholders to accept or sell on-market before the June 25 deadline.

ASX has settled ASIC proceedings over 2022 statements on its previous CHESS project, admitting to misleading the market with a 'progressing well' claim. The settlement includes a $20.5 million penalty and $3 million in legal cost contributions, pending Federal Court approval.

Hartshead Resources NL’s takeover by ACAM GP Limited clears its final legal hurdle, triggering suspension of Hartshead shares and setting key dates for shareholder payouts.

Cassius Mining Limited is issuing bonus options to eligible Australian and New Zealand shareholders, offering one new option for every eight shares held. These options carry a 3-cent exercise price and expire in mid-2029, aiming to reward loyalty without raising new capital.