Alto Resources Shareholders to Vote on Acquisition by Brightstar Resources

MT Newswires Live

2024/10/14

Western Australia's Supreme Court ordered on Friday for an Alto Resources (ASX:AME) shareholder meeting on Nov. 19 to vote on Alto's acquisition by Brightstar Resources (ASX:BTR), according to a same-day filing with the Australian bourse.

The Court also ordered the dispatch of an explanatory statement with information on the proposed scheme of arrangement acquisition, which will be registered with the Australian Securities and Investments Commission on Monday, the filing stated.

Alto Resources directors unanimously recommend shareholders vote in favor of the scheme, according to the filing.

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