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Aston Minerals and Torque Metals Complete Merger, Delisting from ASX

Story Highlights
  • Aston Minerals and Torque Metals have merged, with Torque acquiring Aston’s shares and options.
  • Aston’s securities are suspended, and the company will be delisted from the ASX post-merger.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Aston Minerals and Torque Metals Complete Merger, Delisting from ASX

Confident Investing Starts Here:

Aston Minerals Ltd ( (AU:ASO) ) has provided an update.

Aston Minerals Limited and Torque Metals Limited have successfully implemented a merger through schemes of arrangement, where Torque acquires all fully paid ordinary shares and unlisted options of Aston. As a result, Aston’s securities have been suspended from trading on the ASX, and the company will be delisted. The merger will see Torque led by Managing Director Cristian Moreno, with a restructured board comprising directors from both companies. This strategic move is expected to consolidate operations and enhance market positioning for the combined entity.

More about Aston Minerals Ltd

Average Trading Volume: 1,218,694

Technical Sentiment Signal: Hold

Current Market Cap: A$28.49M

See more data about ASO stock on TipRanks’ Stock Analysis page.

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