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Aeon Metals Faces Potential Ownership Transfer Amidst DOCA Proceedings

Story Highlights
  • Aeon Metals is under a Deed of Company Arrangement with appointed administrators.
  • A court hearing is set to address the transfer of Aeon Metals’ shares to OL Master Limited.
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Aeon Metals Faces Potential Ownership Transfer Amidst DOCA Proceedings

Aeon Metals Ltd. ( (AU:AML) ) just unveiled an update.

Aeon Metals Limited, along with its associated entities, is currently under a Deed of Company Arrangement (DOCA) following the appointment of administrators in July 2024. The company is involved in a legal process concerning the transfer of its issued shares to OL Master Limited as part of the DOCA. A court hearing is scheduled for March 17, 2025, to address the application for this transfer, which could significantly impact the company’s ownership structure and its stakeholders.

More about Aeon Metals Ltd.

Average Trading Volume: 2,000

Current Market Cap: $15.36M

For detailed information about AML stock, go to TipRanks’ Stock Analysis page.

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