Azure Minerals Limited (AU:AZS) has released an update.
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Azure Minerals Limited has announced the approval from the Foreign Investment Review Board (FIRB) for its proposed acquisition by SH Mining Pty Ltd, with the takeover offer set at $3.70 per share through a scheme arrangement, and a fall-back offer of $3.65 per share. The deal is pending a Supreme Court of Western Australia’s approval, with a hearing scheduled for May 1, 2024, and no known obstacles to the acquisition’s completion. This key regulatory hurdle being cleared marks a significant step towards the completion of the acquisition process.
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