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Carawine Resources Ltd. ( (AU:CWX) ) has shared an update.
The Federal Court of Australia has approved QGold Pty Ltd’s compulsory acquisition of Carawine Resources Ltd’s remaining ordinary shares, which QGold does not already own, at $0.11 per share. As a result, Carawine’s shares will be suspended from trading on the ASX on October 10, 2025, and the company will eventually be delisted. Shareholders are advised to update their shareholding details and communication preferences in preparation for the acquisition process.
More about Carawine Resources Ltd.
Carawine Resources Ltd. is a mineral exploration company based in Perth, Western Australia. The company focuses on the exploration, discovery, and development of mineral deposits, with five projects targeting gold, copper, and base metals in Western Australia and Victoria.
Average Trading Volume: 28,241
Technical Sentiment Signal: Sell
Current Market Cap: A$21.25M
For detailed information about CWX stock, go to TipRanks’ Stock Analysis page.