Latest Schemes Of Arrangement News

Emmerson Resources is set to be acquired by Pan African Resources for approximately A$311 million, offering shareholders a 36% premium. The company also advances a government-backed feasibility study for a shared processing facility and begins royalty revenue inflows.

Loyal Metals has completed the acquisition of the high-grade Highway Reward Copper-Gold Mine and confirmed a large-scale VHMS mineral system, while agreeing to a cash takeover by PT Bumi Resources valuing the company at A$79.1 million.

Australian Strategic Materials reports a 70% surge in NdFeB alloy production, installs pilot heavy rare earth furnace, and progresses its acquisition by Energy Fuels with regulatory approvals underway.

African Gold Ltd has finalised its court-approved scheme of arrangement, transferring all shares and options to Montage Gold Corp and preparing for imminent ASX delisting.

Pacific Equity Partners has tabled a non-binding offer to acquire oOh!media for A$1.40 per share via a scheme of arrangement, triggering a strategic review by the board amid regulatory hurdles and due diligence conditions.

Magnetic Resources has secured court approval to convene a shareholder meeting on 3 June 2026 to vote on Genesis Minerals’ proposed acquisition. The scheme booklet, including an independent expert’s report, will be released on 29 April, with Magnetic’s board unanimously backing the deal.

Nova Minerals has sent out its Scheme Booklet to shareholders and warrantholders, setting the stage for a May 29 vote on its proposed move from Australia to the US. The Independent Expert backs the scheme, and directors recommend approval.

Loyal Metals Ltd has entered a binding scheme implementation deed with Indonesia’s PT Bumi Resources Tbk to sell all shares for A$0.45 each, valuing the company at approximately A$79.1 million. The transaction offers shareholders an immediate cash premium of over 40% and is supported by Loyal’s board and major shareholders.

Ainsworth Game Technology’s FY25 results reveal a mixed bag: a 9% dip in underlying profit to $21.1 million, a hefty $43.1 million goodwill impairment tied to North America, and a strategic pivot with a new acting CEO. Strong Asia Pacific growth and new product launches contrast with margin pressures and a shrinking cash position.

Qube Holdings Limited is set for a $9.3 billion cash takeover by a Macquarie-led consortium, with court approval granted to convene shareholder meetings in June. The scheme offers shareholders a 28% premium and is backed by an independent expert's fair and reasonable opinion.

Energy Fuels has secured Foreign Investment Review Board approval to acquire Australian Strategic Materials, clearing a major regulatory hurdle. The deal now awaits shareholder and court approvals, with implementation targeted for early July.

Little Green Pharma has pushed back the Federal Court hearing for its Cannatrek acquisition to late May, setting a new timetable that includes a shareholder vote on May 22 and implementation targeted for June 1.