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Torque Metals Ltd. ( (AU:TOR) ) has issued an announcement.
Torque Metals Limited, a company in the mining sector, is set to acquire Aston Minerals Limited through a merger facilitated by a Scheme Implementation Deed. This all-scrip transaction will result in a 50/50 shareholder composition between Torque and Aston shareholders. BDO Corporate Finance Australia Pty Ltd has been appointed as the independent expert to provide a report on the fairness of the merger for Aston shareholders and option holders. The merger terms include a share scheme offer and options offers, with specific exchange ratios based on recent stock prices. The transaction signifies a strategic move to consolidate resources and potentially enhance market positioning for both companies.
More about Torque Metals Ltd.
YTD Price Performance: 24.00%
Average Trading Volume: 720,891
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$15.48M
For an in-depth examination of TOR stock, go to TipRanks’ Stock Analysis page.
