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Latin Resources Limited ( (AU:LRS) ) has shared an update.
Latin Resources Limited has confirmed that its acquisition by Pilbara Minerals Limited through a share scheme and option scheme of arrangement has become legally effective. As a result, Latin Resources shares will be suspended from trading starting 22 January 2025. The announcement outlines key dates for the demerger and implementation of the schemes, which will result in the issuance of new Pilbara Minerals shares expected to begin trading on a deferred settlement basis by 23 January 2025. This acquisition marks a significant transition for Latin Resources, potentially enhancing its strategic positioning within the minerals industry and impacting stakeholders by aligning with Pilbara Minerals’ broader market objectives.
More about Latin Resources Limited
Latin Resources Limited is a company operating in the resource sector, primarily focusing on the acquisition and development of mineral projects. The company is listed on the Australian Securities Exchange (ASX) under the ticker LRS and has been involved in various mineral exploration and development activities.
YTD Price Performance: 6.25%
Average Trading Volume: 11,110,110
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$476.9M
Learn more about LRS stock on TipRanks’ Stock Analysis page.
