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An announcement from Aeon Metals Ltd. ( (AU:AML) ) is now available.
Aeon Metals Ltd. is undergoing a restructuring process under a Deed of Company Arrangement (DOCA), which involves a transfer of all company shares to OL Master Limited (OCP) for no consideration. This restructuring is subject to court approval through a Section 444GA Application process, as the shares are deemed to have no value. Shareholders and creditors have the opportunity to oppose this transfer, but an independent expert report supports the restructuring by confirming the shares hold no residual equity value.
More about Aeon Metals Ltd.
Aeon Metals Ltd. operates in the mining industry, focusing on resources exploration and development. The company is involved in several exploration projects through its subsidiaries, such as Aeon Walford Creek Limited and Aeon ISA Exploration Pty Ltd, with a market focus on mineral resources.
Average Trading Volume: 2,000
Current Market Cap: $15.36M
See more data about AML stock on TipRanks’ Stock Analysis page.
