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Toro Energy Limited (ASX:TOE)

ALERT: Price-sensitive ASX Announcement for TOE
Current share price for TOE : $0.550 0.05 (10%)+
Announcement
Release
15 Jun 2026 1:19PM
Price at Release
$0.500
Full Release
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Summary
Toro Energy Ltd announced that the Federal Court of Australia has approved the scheme of arrangement for the acquisition of 100% of its issued share capital by Iso Australia Operations Pty Ltd, a subsidiary of IsoEnergy Ltd. The scheme is expected to become effective following the lodgment of the court orders with ASIC. Toro has also arranged for the suspension of its shares from the ASX following this lodgement. The announcement provides a timetable for the remaining key dates related to the scheme's implementation, emphasizing that these dates are indicative and subject to change.
Key Points
  • Federal Court of Australia approved the scheme of arrangement.
  • 100% acquisition of Toro by Iso Australia Operations Pty Ltd.
  • Lodgment of court orders with ASIC to make the scheme effective.
  • Suspension of Toro shares from ASX following lodgment.
  • Indicative timetable for scheme implementation 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.