Maximus Resources Limited ( (AU:MXR) ) has issued an update.
Maximus Resources Limited has announced significant changes to its board following Astral Resources NL’s successful takeover bid, which now sees Astral holding over 50% of Maximus shares. The changes include the resignation of Maximus’ Non-Executive Chair and Director, with Astral’s nominees taking their places, while the Managing Director, Tim Wither, remains in his role. Shareholders are urged to accept Astral’s offer to avoid becoming minority shareholders with limited liquidity.
More about Maximus Resources Limited
Maximus Resources Limited operates in the resources sector, focusing on exploration and development activities. The company is primarily involved in mining and resource management, with a market focus on maximizing shareholder value through strategic acquisitions and partnerships.
YTD Price Performance: 17.86%
Average Trading Volume: 10,289
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €17.66M
Learn more about MXR stock on TipRanks’ Stock Analysis page.