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Hammer Metals Limited (ASX:HMX)

ALERT: Price-sensitive ASX Announcement for HMX
Current share price for HMX : $0.055 0.004 (7.84%)+
Announcement
Release
11 Jun 2026 10:47AM
Price at Release
$0.051
Full Release
download
Summary
The document outlines the legal and procedural details of a scheme of arrangement between Hammer Metals Limited and Larvotto Resources Limited. The arrangement involves the acquisition of Hammer Metals by Larvotto Resources, subject to various conditions and court approvals. Key aspects include the transfer and registration of shares, entitlement to scheme consideration, the conduct of business during the transition, and the implementation of the scheme including transitional services. The arrangement also involves a demerger of SpinCo, with Hammer Metals providing transitional support to SpinCo and arrangements for any assets or liabilities identified post-demerger. The document includes a detailed timetable for the scheme's implementation, legal obligations, warranties, indemnities, and exclusivity arrangements.
Key Points
  • Scheme of arrangement between Hammer Metals Limited and Larvotto Resources Limited.
  • Court approvals and conditions precedent for the acquisition by Larvotto Resources.
  • Transfer and registration of shares under the scheme.
  • Entitlement to scheme consideration and transitional services.
  • Demerger of SpinCo with transitional support from Hammer Metals.
  • Indicative timetable outlining the sequence of court hearings and implementation dates.
  • Legal obligations, warranties, indemnities, and exclusivity arrangements included in the scheme.
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.