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Warriedar Resources Advances Acquisition by Capricorn Metals

Story Highlights
  • Warriedar Resources is set for acquisition by Capricorn Metals via a share and option scheme.
  • The Warriedar Board recommends the schemes, deemed fair by an independent expert.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Warriedar Resources Advances Acquisition by Capricorn Metals

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Anova Metals Ltd. ( (AU:WA8) ) has shared an update.

Warriedar Resources Limited, a company listed on the Australian Securities Exchange, is undergoing a proposed acquisition by Capricorn Metals Ltd through a Court-approved share and option scheme of arrangement. The Supreme Court of Western Australia has directed Warriedar to hold meetings for shareholders and option holders to vote on the schemes, and the Scheme Booklet has been registered with the Australian Securities and Investments Commission. The Independent Expert’s Report deems the schemes fair and reasonable, and the Warriedar Board recommends voting in favor of the schemes, barring any superior proposals.

More about Anova Metals Ltd.

Average Trading Volume: 8,793,528

Technical Sentiment Signal: Buy

Current Market Cap: A$227.2M

For a thorough assessment of WA8 stock, go to TipRanks’ Stock Analysis page.

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