Poseidon Nickel Limited (ASX:POS) and Horizon Minerals Limited (ASX:HRZ) Secure Court Approval for Merger
Merger Approval
Poseidon Nickel Limited (ASX:POS) and Horizon Minerals Limited (ASX:HRZ) announced that the Supreme Court of Western Australia has approved their proposed merger. Horizon will acquire 100% of Poseidon’s shares and options through the Schemes of Arrangement.
Key Dates
The Schemes will become effective after lodging Court orders with ASIC by 10 February 2025, when Poseidon’s securities will be suspended on ASX. Important dates include the record date on 12 February 2025 and the issuance of scheme consideration on 19 February 2025, after which Poseidon’s securities will be delisted.
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