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Poseidon Nickel Limited ( (AU:POS) ) has issued an announcement.
Poseidon Nickel Limited held a Share Scheme Meeting to discuss a proposed scheme of arrangement where Horizon Minerals Limited will acquire 100% of Poseidon’s fully paid shares. The acquisition is structured to exchange Poseidon shares for Horizon shares, with specific provisions for ineligible foreign shareholders. This transaction is expected to impact the company’s ownership structure and potentially its market position.
More about Poseidon Nickel Limited
Poseidon Nickel Limited operates in the mining industry, focusing on the exploration and production of nickel. The company is listed on the Australian Securities Exchange (ASX) under the ticker POS.
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $10.49M
For an in-depth examination of POS stock, go to TipRanks’ Stock Analysis page.
