Latest Scheme Of Arrangement News

Winsome Resources has sent out the Scheme Booklet to shareholders detailing the proposed acquisition by Li-FT Power, setting the stage for key votes in early May. Securityholders must now decide on the future ownership of the company through a formal scheme of arrangement.

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.

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.

African Gold Ltd confirms the independent expert’s reaffirmation of fairness for Montage Gold’s acquisition schemes following FY25 financial results, with directors unanimously recommending shareholder approval.

Advanced Innergy Holdings has tabled a non-binding proposal to acquire Matrix Composites & Engineering at a substantial premium, aiming to cement its foothold in the Asia-Pacific subsea sector.

Winsome Resources Limited is set to be acquired by Li-FT Power Ltd through a scheme of arrangement, consolidating key lithium assets and creating a dual-listed entity on ASX and TSXV.

Qoria Limited updates shareholders on its proposed merger with Aura Consolidated Group, highlighting Aura's robust financial performance and cost-saving initiatives. The merger remains unanimously recommended by Qoria's board, pending regulatory and shareholder approvals.

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.

Emmerson Resources has invoiced $10.53 million from its joint venture partner as part of a minimum production payment, coinciding with its pending $311 million acquisition by Pan African Resources.

Magnetic Resource NL has updated its scoping study for the Lady Julie Gold Project, significantly increasing the underground production target and extending the mine life. The revised plan also lowers underground mining costs and defers some capital expenditure by prioritising open pit operations.

Magnetic Resources NL is set to be acquired by Genesis Minerals Limited, with outstanding options cancelled for cash following an ASX waiver. Performance rights will vest and be exercised prior to the scheme’s record date.

Diversified United Investment Limited has completed sending the Scheme Booklet to shareholders for the proposed merger with Australian United Investment Company Limited. A pivotal Scheme Meeting is scheduled for 16 April 2026 to decide the merger's fate.