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Warriedar Resources Limited (ASX:WA8)

ALERT: Price-sensitive ASX Announcement for WA8
Current share price for WA8 : $0.265 0.01 (3.92%)+
Announcement
Release
14 Oct 2025 7:51PM
Price at Release
$0.255
Full Release
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Summary
Warriedar Resources Limited is subject to a proposed acquisition by Capricorn Metals Ltd through a Court-approved scheme of arrangement, involving both shares and options. The revised terms offer Warriedar Securityholders 1 Capricorn Share for every 52.75 Warriedar Shares, granting them approximately 5.44% ownership of the enlarged entity. The Independent Expert deems the schemes fair and reasonable, with the Warriedar Board unanimously recommending Securityholders to vote in favour, absent a superior proposal. The Supplementary Scheme Booklet, inclusive of these updates, has been registered with ASIC, and the Scheme Meetings are set for November 6, 2025.
Key Points
  • Warriedar Resources Limited (ASX: WA8) is involved in a proposed acquisition by Capricorn Metals Ltd (ASX: CMM).
  • The acquisition involves a Court-approved share scheme and option scheme of arrangement.
  • Revised consideration involves exchanging 1 Capricorn Share for every 52.75 Warriedar Shares.
  • Warriedar Securityholders will own approximately 5.44% of the Enlarged Group on a diluted basis if the schemes are implemented.
  • The Independent Expert, BDO Corporate Finance Australia Pty Ltd, has concluded that both the Share Scheme and the Option Scheme are fair and reasonable.
  • The Warriedar Board unanimously recommends the Securityholders to vote in favour of the schemes in the absence of a Superior Proposal.
  • The Supplementary Scheme Booklet has been registered with ASIC and includes updated information about the acquisition terms.
  • The Scheme Meetings are scheduled for 6 November 2025 in Perth.
  • Warriedar Directors, including Non-Executive Chairman Mark Connelly, support the Schemes and are set to resign if implemented.
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.