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Carawine Resources Limited (ASX:CWX)
ALERT: Price-sensitive ASX Announcement for CWX
Current share price for CWX : $0.105 0.014 (15.38%)+
Announcement
Release
2 Oct 2025 2:22PM
Price at Release
$0.091
Full Release
Summary
The Federal Court of Australia approved the compulsory acquisition of Carawine Resources Limited by QGold Pty Ltd, a major shareholder. This legal approval allows QGold to acquire the remaining shares in Carawine at a consideration of $0.11 per share. Following this decision, Carawine's shares will be suspended from trading on the ASX after 10 October 2025, and the company will eventually be delisted from the stock exchange. The company has advised shareholders to ensure their details are current on the share register managed by MUFG Corporate Markets, and further instructions regarding the acquisition process will be provided. This announcement was authorized by the board of directors of Carawine Resources.
Key Points
- Federal Court approved QGold's compulsory acquisition of Carawine shares.
- QGold to acquire remaining shares at $0.11 each.
- Carawine shares to be suspended from ASX trading on 10 October 2025.
- Company to be delisted from ASX thereafter.
- Shareholders advised to update details on MUFG Investor Centre.
- Further instructions on the acquisition process to be provided.
- Board of Directors authorized the announcement.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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