The Australian Securities and Investments Commission agreed to extend Alto Metals' (ASX:AME) 2024 annual general meeting to Feb. 1, 2025, from Nov. 30, 2024, as the mining company awaits the outcome of its acquisition by Brightstar Resources (ASX:BTR), according to a Wednesday filing with the Australian bourse.
If the scheme comprising the acquisition is implemented as scheduled on Dec. 9 or no later than Feb. 1, 2025, Alto is no longer required to hold its annual general meeting.
Alto Metals' shares slid 2% in recent trade.
Price (AUD): $0.06, Change: $-0.0010, Percent Change: -1.56%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.