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Genesis Minerals Limited (ASX:GMD)

ALERT: Price-sensitive ASX Announcement for GMD
Current share price for GMD : $5.210 -0.36 (-6.46%)+
Announcement
Release
29 May 2026 8:38AM
Price at Release
$5.570
Full Release
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Summary
The document is a notice from Magnetic Resources NL regarding a second court hearing concerning its proposed scheme of arrangement for Genesis Minerals Limited to acquire 100% of its shares. This scheme is part of Part 5.1 of the Corporations Act 2001 (Cth). The Supreme Court of Western Australia is scheduled to hear the application for approval of the scheme on June 9, 2026. Members of Magnetic Resources are expected to vote on this scheme during a hybrid meeting on June 3, 2026. Those opposing the scheme can file a notice of appearance and affidavit with the court. Further information can be obtained via the company's information line.
Key Points
  • Magnetic Resources NL is involved in a scheme of arrangement with Genesis Minerals Limited.
  • The Supreme Court of Western Australia will hear the scheme approval on June 9, 2026.
  • A meeting for Magnetic members to consider the scheme is scheduled for June 3, 2026.
  • Opposition to the scheme must be filed with the court at least one day before the hearing.
  • Contact information is provided for further inquiries.
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.