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Brightstar Resources Limited ( (AU:BTR) ) has provided an announcement.
Brightstar Resources Limited, an Australian company listed on the ASX, is set to acquire 100% of Aurumin Limited’s shares and cancel all Aurumin options in exchange for new Brightstar options. This acquisition is part of a scheme of arrangement that has been approved by the requisite majorities of Aurumin shareholders and option holders. The approval marks a significant step in the acquisition process, with the next step being the approval of the schemes by the Supreme Court of Western Australia. If approved, Aurumin shares will be suspended from trading, and the implementation of the schemes is expected to occur by early December 2025.
The most recent analyst rating on (AU:BTR) stock is a Buy with a A$1.27 price target. To see the full list of analyst forecasts on Brightstar Resources Limited stock, see the AU:BTR Stock Forecast page.
More about Brightstar Resources Limited
Average Trading Volume: 4,229,051
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$263.6M
Find detailed analytics on BTR stock on TipRanks’ Stock Analysis page.