De Grey Mining (ASX:DEG) Announces Acquisition by Northern Star Resources
Acquisition Details
De Grey Mining Ltd (ASX:DEG) announced its proposed acquisition by Northern Star Resources Ltd (ASX:NST) through a court-approved scheme of arrangement.
Scheme Resolution
The Federal Court of Australia approved a Scheme Meeting scheduled for April 16, 2025, where shareholders will vote on the Scheme Resolution. An Independent Expert from KPMG concluded the Scheme is fair and reasonable.
Company Recommendations
De Grey directors unanimously recommend that shareholders vote in favour of the Scheme Resolution, contingent on no superior proposal emerging.
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