Torque Metals and Aston Minerals Advance Merger with Key Appointments and Terms Finalization

Aston Minerals Ltd ( (AU:ASO) ) has issued an announcement.

Torque Metals Limited and Aston Minerals Limited have announced the progression of their merger, with Aston appointing BDO Corporate Finance Australia Pty Ltd as the independent expert. The merger will involve Torque acquiring 100% of Aston in an all-scrip transaction, with Aston shareholders receiving 1 Torque share for every 5.2 Aston shares. This will result in Torque and Aston shareholders each holding 50% of the merged company. Additionally, Torque will offer to acquire Aston’s unlisted options, and the terms of the merger have been amended accordingly.

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Technical Sentiment Consensus Rating: Buy

Current Market Cap: $9.68M

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