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Carawine Resources Ltd. ( (AU:CWX) ) has issued an update.
Carawine Resources Ltd. announced that the Federal Court of Australia has approved the compulsory acquisition of all its ordinary shares not already held by its major shareholder, QGold Pty Ltd. As a result, Carawine’s securities will be suspended from trading, and the company will be delisted from the ASX. Shareholders will receive $0.11 per share, with payments managed by MUFG Corporate Markets. This acquisition marks a significant change in Carawine’s operations, impacting its market presence and shareholder dynamics.
More about Carawine Resources Ltd.
Carawine Resources Ltd. is a mineral exploration company based in Perth, Western Australia. The company focuses on creating value for its shareholders through the exploration, discovery, and development of mineral deposits. It has five exploration projects targeting high-value gold, copper, and base metal deposits in highly prospective mineral provinces in Western Australia and Victoria.
Average Trading Volume: 29,572
Technical Sentiment Signal: Buy
Current Market Cap: A$25.97M
For a thorough assessment of CWX stock, go to TipRanks’ Stock Analysis page.