Latest Court Approvals News

Robex Resources shares will halt trading on the ASX from April 10 following court approval of its merger with Predictive Discovery, marking a key step toward creating a major West African gold producer.

Diversified United Investment Limited (DUI) has finalised the exchange ratio for its proposed merger with Australian United Investment Company Limited (AUI), with a shareholder meeting scheduled for 16 April 2026 to approve the scheme.

Little Green Pharma Ltd (ASX:LGP) has secured overwhelming shareholder approval from Cannatrek Ltd for its proposed acquisition scheme, advancing the transaction toward Federal Court approval and implementation by early May 2026.

Insignia Financial has received Foreign Investment Review Board approval for its proposed acquisition by Daintree BidCo, clearing a key regulatory hurdle. The scheme now awaits shareholder and court approvals, with the board recommending shareholder support.

National Storage REIT (ASX:NSR) has confirmed satisfaction of key foreign investment conditions for its proposed acquisition by a Brookfield-GIC consortium, with securityholder meetings scheduled for mid-April.

Toro Energy and IsoEnergy have agreed to extend the deadline for their acquisition scheme to June 30, 2026, alongside a $2 million bridging loan to support Toro during the extended process. The deal remains unanimously recommended by Toro’s independent board committee, pending shareholder and court approvals.

MinRex Resources has received final court approval for its merger with Canadian explorer Electrum Discovery, setting the stage for a significant expansion beyond Australia. The deal is on track to complete in early April, promising to diversify MinRex’s portfolio with new projects in Serbia.

Little Green Pharma has issued a supplementary scheme booklet updating Cannatrek shareholders on the acquisition progress, including a revised timetable and the termination of a planned sale and leaseback of its WA production facility. Both companies’ boards continue to recommend the scheme, supported by an independent expert’s positive assessment.

Fiducian Investment Management Services Limited has reached a heads of agreement with ASIC to resolve civil proceedings over misleading disclosures in its Diversified Social Aspirations Fund. The settlement includes a $7.3 million penalty and legal costs, pending court approval.

Electrum Discovery Corp. shareholders have overwhelmingly approved a merger with MinRex Resources, setting the stage for a significant cross-continental consolidation in gold and base metals exploration.

EML Payments has received Supreme Court approval for its $37.36 million shareholder class action settlement, enabling the company to refocus on its strategic growth plans.

Amaero Ltd has amended its scheme implementation deed, revising the consideration offered to option holders as it progresses with its re-domiciliation from Australia to the US. Key milestones for the transition are scheduled through mid-2026.