Poseidon Nickel, Horizon Minerals Says Merger Becomes Legally Effective

MT Newswires Live

2025/02/10

Poseidon Nickel (ASX:POS) along with Horizon Minerals (ASX:HRZ) said its proposed merger by way of a scheme of arrangement is now legally effective, according to a Monday filing with the Australian bourse.

The companies filed with the Australian Securities and Investments Commission a copy of the orders made by the Supreme Court of Western Australia approving the scheme, per the filing.

Poseidon's shares and listed options are expected to be suspended from the Australian Securities Exchange at the close of trade on Monday.

Shares of Horizon Minerals rose 9% at market close.

Price (AUD): $0.01, Change: $+0.0010, Percent Change: +25.00%

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