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PERSEUS MINING LIMITED M&A Activity 2020
46513_rns_2020-09-14_eeea6931-a466-4295-b802-3b4c0a28671e.pdf
M&A Activity
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ASX Release 15 September 2020 ASX: ERX
Corporate Directory Non-Executive Chairman Mr John Fitzgerald
Managing Director Mr Justin Tremain
Non-Executive Director Mr Travis Schwertfeger
Company Secretary & CFO Mr Trevor O'Connor
Exploration Manager Mr Elliot Grant
Contact Details
ACN 009 146 794 50 Ord Street West Perth WA 6005
PO BOX 71 West Perth WA 6872 T: +61 8 6117 0446 E: [email protected] W: www.exoreresources.com.au @ExoreResources
Court Approval of Scheme of Arrangement
Court Approval of Scheme
Exore Resources Ltd (ABN 16 009 146 794) ('Exore' or the 'Company' | ASX: ERX) is pleased to announce that the Supreme Court of Western Australia ('Court') has today made orders approving the scheme of arrangement under which Perseus Mining Limited ('Perseus') will acquire all of the shares in Exore ('Scheme').
Lodgement of Court Orders and Suspension of Trading
Pursuant to section 411(1) of the Corporations Act 2001 (Cth), the Scheme will become effective upon lodgement of the Court orders with the Australian Securities and Investments Commission ('ASIC').
It is expected that a copy of the Court orders will be lodged with ASIC on Wednesday, 16 September 2020, at which time the Scheme will become legally effective. If this occurs, Exore's shares will be suspended from trading on the ASX at the close of trade on Wednesday, 16 September 2020.
The indicative timetable for implementation of the Scheme is as follows:
| Effective Date | Wednesday, 16 September 2020 |
|---|---|
| This is the date on which the Scheme comes into effectand is binding on Scheme Shareholders. | |
| Court order lodged with ASIC and announced on ASX. | |
| Exore Shares will be suspended from trading on ASX atthe close of trading on the Effective Date. If the Schemeproceeds, this will be the last day that Exore Shares willtrade on ASX. | |
| Subject to receipt of required regulatory approvals,New Perseus Shares commence trading on ASX on adeferred settlement basis. | Thursday, 17 September 2020 |
| Scheme Record Date | 5:00pm (WST), Friday, 18 September |
| All Eligible Exore Shareholders who hold Exore Shareson the Scheme Record Date will be entitled to receivethe Scheme Consideration. | 2020 |
| Implementation Date | Friday, 25 September 2020 |
| Transfer of all Scheme Shares to Perseus and issue ofScheme Consideration to Eligible Exore Shareholders. | |
| New Perseus Shares commence trading on ASX on anormal settlement basis. |
Capitalised terms used, but not otherwise defined in this announcement, have the same meaning given to those terms in the Scheme Booklet dated 4 August 2020.
All times and dates referred to are times in Perth, Australia. All dates are indicative only. Any changes to the indicative timetable for implementation of the Scheme will be announced to ASX and notified on Exore's website at www.exoreresources.com.au.
This announcement has been authorised for release by Exore's Managing Director, Justin Tremain.
For further information, please contact: Justin Tremain Managing Director +61 8 6117 0446
If you have questions regarding the number of Exore shares you hold please contact the Exore share registry on 1300 288 664 (within Australia) or +61 2 9698 5414 (outside Australia) Monday to Friday between 9:00am and 5:00pm (WST).