De Grey Mining (ASX:DEG) said the first court hearing approved the scheme booklet for Northern Star Resources' (ASX:NST) proposed acquisition of all of its shares under a scheme of arrangement in the March quarter, according to a Friday Australian bourse filing.
Notices of the scheme meeting and the scheme booklet have been dispatched to shareholders on March 17, with the scheme meeting scheduled to be held on April 16.
De Grey's directors continue to unanimously recommend that its shareholders vote in favor of the acquisition. The firm is also continuing documentation for the senior debt facility with syndicate support while the scheme with Northern Star progresses.
During the quarter, the firm also continued to engage with a range of stakeholders in support of the approvals process for the Hemi gold project in Western Australia.
De Grey Mining's shares fell almost 6% in recent Monday trade, while Northern Star Resources' shares tumbled nearly 7%.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。