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Zenith Minerals Limited (ASX:ZNC)

ALERT: Price-sensitive ASX Announcement for ZNC
Current share price for ZNC : $0.080 -0.01 (-11.11%)+
Announcement
Release
17 Aug 2026 8:02AM
Price at Release
$0.090
Full Release
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Summary
Forrestania Resources Limited has announced the extension of its offer period for the takeover of Zenith Minerals Limited to 31 August 2026, allowing shareholders to withdraw their acceptance within a designated period. The offer terms have been adjusted to reduce the consideration payment period to 14 days, with the new date for notice of defeating conditions set for 24 August 2026. This follows modifications to the Corporations Act under ASIC Instrument 26-0690, with notices and a supplementary bidder’s statement lodged with ASIC.
Key Points
  • Forrestania Resources Limited is extending its offer for Zenith Minerals Limited.
  • The offer period has been extended to 31 August 2026.
  • Shareholders have the right to withdraw their acceptance of the offer within a specified period.
  • The terms of the offer have been varied to reduce the consideration period to 14 days.
  • The new date for giving notice of defeating conditions is 24 August 2026.
  • ASIC Instrument 26-0690 modifies certain sections of the Corporations Act to accommodate these changes.
  • The notice of variation of the offer has been lodged with ASIC and other relevant parties.
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.