InvestSMART

Inca Minerals Limited (ASX:ICG)

ALERT: Price-sensitive ASX Announcement for ICG
Current share price for ICG : $0.014 0.009 (180%)+
Announcement
Release
7 Apr 2025 6:58PM
Price at Release
$0.005
Full Release
download
Summary
Inca Minerals Limited has completed its off-market takeover bid for Stunalara Metals Limited, acquiring over 94% of the shares. Following this acquisition, Inca intends to compulsory acquire the remaining shares in accordance with the Corporations Act 2001. Shareholders who did not accept the offer will receive a compulsory acquisition notice detailing their rights and the process for the acquisition, expected to conclude within 6 to 8 weeks.
Key Points
  • Inca Minerals Limited's takeover offer for Stunalara closed on 4 April 2025.
  • Inca acquired 94.13% of Stunalara's fully paid ordinary shares.
  • Inca is entitled to compulsory acquisition of remaining shares under the Corporations Act.
  • Shareholders will receive a notice outlining their rights under the compulsory acquisition.
  • Completion of the compulsory acquisition is expected within 6 to 8 weeks.
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.