Perseus Mining Ltd (ASX:PRU) (TSE:PRU) (OTCMKTS:PMNXF) has moved another step closer to completing its acquisition of Exore Resources Ltd (ASX:ERX) (OTCMKTS:NLIOF).
The company has today lodged the Supreme Court of Western Australia’s orders approving the scheme of arrangement with the Australian Securities and Investments Commission (ASIC), and accordingly, the scheme is now effective.
Following the lodgement, Exore’s shares have been suspended from trading on the ASX.
Indicative timetable
New Perseus shares will commence trading on ASX on a deferred settlement basis tomorrow, Thursday, September 17 2020.
The scheme record date is 5:00pm (WST) Friday, September 18 2020 and the scheme is expected to be implemented on Friday, September 25 2020.
ASX has advised that the new Perseus shares will commence trading on ASX on a normal settlement basis on Monday, September 28 2020.