De Grey Mining (ASX:DEG) said a court hearing to approve the proposed acquisition of 100% of the shares in the firm by Northern Star Resources (ASX:NST) is scheduled to take place on April 22 in the Federal Court of Australia, Western Australia registry, according to a Friday Australian bourse filing.
De Grey's shareholders have the right to appear and be heard at the hearing and may oppose the approval of the scheme, the filing said.
De Grey's shares rose 4%% and Northern Star's shares rose 2% in recent trading on Friday.
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.