Alto Metals Ltd (AU:AME) has released an update.
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Alto Metals Ltd shareholders have overwhelmingly approved a scheme of arrangement for the company to be acquired by Brightstar Resources Ltd. This move, which received 99.98% approval from voting shareholders, is poised for final approval by the Supreme Court of Western Australia. If successful, the acquisition will be completed by December 9, 2024, marking a significant step in Alto’s strategic journey.
For further insights into AU:AME stock, check out TipRanks’ Stock Analysis page.