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Magnetic Resources NL (ASX:MAU)
ALERT: Price-sensitive ASX Announcement for MAU
Current share price for MAU : $1.850 -0.1 (-5.13%)+
Announcement
Release
29 May 2026 8:38AM
Price at Release
$1.950
Full Release
Summary
Magnetic Resources NL has issued a Notice of Second Court Hearing regarding its proposed scheme of arrangement under which Genesis Minerals Limited will acquire all shares of Magnetic Resources. The Supreme Court of Western Australia will hear the application on 9 June 2026, following a Scheme Meeting for members on 3 June 2026. Detailed procedures are provided for those wishing to oppose the scheme, and contact information for further inquiries is included.
Key Points
- Notice of Second Court Hearing for Magnetic Resources NL's proposed scheme of arrangement.
- Genesis Minerals Limited to acquire 100% of the shares in Magnetic Resources NL.
- Supreme Court of Western Australia hearing scheduled for 9 June 2026.
- Scheme Meeting for Magnetic Resources NL members to be held on 3 June 2026.
- Procedures for opposing the court application are outlined.
- Contact information and further assistance details provided.
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.
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