InvestSMART

TG Metals Limited (ASX:TG6)

ALERT: Price-sensitive ASX Announcement for TG6
Current share price for TG6 : $0.260 0.005 (1.96%)+
Announcement
Release
29 Oct 2025 2:18PM
Price at Release
$0.255
Full Release
download
Summary
On 29 October 2025, Forrestania Resources Limited (FRS) announced there is no current intention to proceed with a takeover offer for TG Metals Limited. This announcement came after TG Metals had referred to a non-binding and indicative proposal from FRS regarding the acquisition of all shares in TG Metals. FRS had acquired a 10.3% stake in TG Metals at an average price of 18.2 cents per share. The announcement, authorized by the Forrestania Resources' Board, emphasizes FRS's position as a gold exploration and development company focused on high-quality projects in Western Australia.
Key Points
  • Forrestania Resources Limited (FRS) confirms no current intention to proceed with a takeover of TG Metals Limited.
  • FRS had previously acquired a 10.3% shareholding in TG Metals at an average price of 18.2 cents per share.
  • The announcement by FRS was in response to TG Metals' announcement about a non-binding takeover proposal.
  • FRS is a gold exploration and development company active in Western Australia.
  • The announcement was authorized by the Forrestania Resources' Board.
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.