Azure Minerals Limited (AU:AZS) has released an update.
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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