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Eastern Metals Limited (ASX:EMS)

ALERT: Price-sensitive ASX Announcement for EMS
Current share price for EMS : $0.055 0.045 (450%)+
Announcement
Release
12 Dec 2025 9:59AM
Price at Release
$0.010
Full Release
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Summary
Eastern Metals Limited (EMS) has announced that its off-market takeover offer for all the fully paid ordinary shares in Raptor Resources Limited is now wholly unconditional, with an anticipated closing date of 19 December 2025, unless extended. Having secured over 90% of Raptor's shares, EMS is set to proceed with compulsory acquisition for the remaining shares, compensating shareholders subsequently. This move is accompanied by a reconstitution of EMS's board, including new roles for Brett Wallace and Adam Sierakowski. The takeover facilitates the renaming of EMS to Raptor Metals Ltd.
Key Points
  • Eastern Metals Limited (EMS) announced that their takeover offer for Raptor Resources Limited is now unconditional.
  • The offer is set to close at 7:00pm AEDT on 19 December 2025, unless extended.
  • EMS has acquired more than 90% of Raptor shares, allowing it to proceed with compulsory acquisition for remaining shares.
  • The conditions of the offer, as outlined in the Bidder’s Statement, have been met and freed from any defeating conditions.
  • EMS will compensate Raptor shareholders for their shares upon completion of the compulsory acquisition process.
  • The board of Eastern Metals Limited has undergone reconstitution following the takeover, with new appointments including Brett Wallace as Managing Director and Adam Sierakowski as Non-Executive Chair.
  • AMS will be renamed to Raptor Metals Ltd following the takeover.
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.