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Forrestania Resources Limited (ASX:FRS)

ALERT: Price-sensitive ASX Announcement for FRS
Current share price for FRS : $0.305 -0.045 (-12.86%)+
Announcement
Release
22 Oct 2026 9:38AM
Price at Release
$0.350
Full Release
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Summary
Forrestania Resources Limited announced notices under sections 630(4) and 650F of the Corporations Act 2001 (Cth) in relation to its off-market takeover bid for all fully paid ordinary shares in Zenith Minerals Limited, confirming that the minimum acceptance condition in section 12.10(a) of its bidder’s statement had been fulfilled and that the offer was therefore free of that condition, and further declaring the offer free from all remaining defeating conditions in section 12.10(b) to (f), making the offer wholly unconditional. The announcement notes the Takeovers Panel’s final orders in Zenith Minerals Limited 01 & 02 (TP26/067), Forrestania’s dispatch date of 15 October 2026, and that Forrestania was permitted from 22 October 2026 to free the offer from defeating conditions; it also states that Forrestania’s voting power in Zenith was 58.99% as at the date of the notice and that the offer was scheduled to close at 5:00pm AWST on 12 November 2026 unless extended.
Key Points
  • Forrestania Resources Limited issued notices under sections 630(4) and 650F of the Corporations Act 2001 (Cth) regarding its off-market takeover bid for Zenith Minerals Limited.
  • The minimum acceptance condition in section 12.10(a) of the bidder’s statement was fulfilled.
  • Forrestania declared the offer free from all remaining defeating conditions in sections 12.10(b) to (f).
  • The takeover offer became wholly unconditional on 22 October 2026.
  • The notices followed Takeovers Panel final orders in Zenith Minerals Limited 01 & 02 (TP26/067).
  • Forrestania stated the dispatch date occurred on 15 October 2026, allowing it to free the offer from conditions from 22 October 2026.
  • Forrestania’s voting power in Zenith was 58.99% as at 22 October 2026.
  • The offer was scheduled to close at 5:00pm AWST on 12 November 2026 unless extended.
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.