Latest Shareholder Rights News

Antimony Resources has begun trading under the ANT code as its Tecomatlán processing plant in Mexico moves closer to its first processing campaign. About 200 tonnes of mineralised material has been prepared, but assay results and commissioning outcomes are still to come.

The Takeovers Panel has replaced previous interim orders on Forrestania Resources’ takeover bid for Zenith Minerals with fresh orders that prevent Forrestania from closing the bid until the Panel’s proceedings conclude or two months pass.

L1 Gold Fund Limited (ASX:LGF) has launched a retail entitlement offer aiming to raise up to $261.7 million by issuing one new share for every three held, priced at $2.25 each. This follows a $254.9 million institutional placement and entitlement offer completed earlier in August.

oOh!media and I Squared Capital have revised the definition of 'Superior Proposal' in their takeover agreement, setting a 3% premium threshold for competing bids within a four-week window from the scheme date.

Tartana Minerals has lodged a cleansing prospectus to enable ASX quotation of over 129 million options linked to a $4.5 million placement, with exercise price set at 5.5 cents and expiry in April 2029.

An application to the Takeovers Panel challenges the integrity of A2MP's takeover bid for Canyon Resources, citing misleading statements and undisclosed shareholder dealings amid project financing uncertainty.

The Takeovers Panel has opted not to pursue proceedings over allegations of undisclosed share ownership and associations in GWR Group, referring unresolved concerns to ASIC for further scrutiny.

Zenith Minerals and Forrestania Resources have amended their takeover implementation deed, updating key terms including offer conditions, board changes, and break fees as Forrestania pursues control.

Forrestania Resources and Zenith Minerals have formalised an amended takeover implementation deed, setting out detailed terms for Forrestania's bid including offer ratios, board changes, and break fees.

Impact Minerals (ASX:IPT) has initiated a renounceable pro-rata entitlement offer to raise up to $4.13 million at $0.032 per share, with two free attaching options for every three new shares. The partially underwritten raise aims to fund exploration and development across its key projects including High Purity Alumina.

The Acting President of the Takeovers Panel has refused to impose interim restrictions on certain GWR shareholders' voting and share transfer rights, leaving the door open for a full Panel review.

A2MP Investments FZCO has kicked off an off-market takeover offer for the remaining 44.44% of Canyon Resources shares it does not already control, valuing the company at about A$103 million equity and A$188 million enterprise value. The bid comes amid deteriorating project economics and funding challenges for Canyon's Minim Martap Bauxite Project.