Brightstar Resources Limited (AU:BTR) has released an update.
Brightstar Resources Limited is set to acquire Alto Metals Limited through a scheme of arrangement, offering four new Brightstar shares for each Alto share. The scheme booklet detailing the proposal has been sent to Alto’s shareholders, who are encouraged to review it ahead of the scheme meeting scheduled for November 19, 2024. This acquisition could significantly impact the stock valuation and market presence of both companies.
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