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Zenith Minerals Limited (ASX:ZNC)

ALERT: Price-sensitive ASX Announcement for ZNC
Current share price for ZNC : $0.091 0.001 (1.11%)+
Announcement
Release
10 Aug 2026 6:11PM
Price at Release
$0.090
Full Release
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Summary
Forrestania Resources Limited has issued a notice regarding the fourth extension of the offer period for its off-market takeover bid of Zenith Minerals Limited. The offer period, originally set to close on 16 June 2026, has been extended to 31 August 2026. This extension is part of a series of variations to the initial bidder's statement issued on 9 June 2026, which was already supplemented and varied on multiple occasions. Additionally, the Australian Securities and Investments Commission (ASIC) has granted an instrument reducing the payment period for consideration under the offer from one month to 14 days. The current conditions of the offer remain subject to interim orders by the Takeovers Panel, preventing Forrestania from declaring the offer free of any defeating conditions.
Key Points
  • Forrestania Resources Limited extends takeover offer for Zenith Minerals Limited to 31 August 2026.
  • The offer period has been extended multiple times, with initial plans to close on 16 June 2026.
  • ASIC instrument reduces payment period for consideration to 14 days.
  • Offer remains subject to existing defeating conditions.
  • Interim orders from the Takeovers Panel prevent removal of defeating conditions.
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.