Stratex International plc (LON:STI) has received a request from a group of shareholders for a general meeting to vote on changes to the board and to stop the proposed acquisition of Crusader Resources.
The junior miner said the meeting request is currently invalid but but that it will make a further announcement in due course. Shareholders are advised to take no action at this time, it added.
In May, Stratex announced it would buy Australia-listed Crusader (ASX:CAS) , which has two early stage projects in Brazil, for £31.1mln payable in shares.
READ: Stratex International to merge with Aussie peer Crusader Resources
As a result of the way the deal is structured Crusader shareholders would end up with an 81% stake in the enlarged company on completion.
Shareholder meetings at both companies to vote on the transaction have been pencilled in for early September, though no firm date has yet been set.
Completion is scheduled for early October.