Northern Star Resources Ltd ( (AU:NST) ) has shared an update.
Northern Star Resources Ltd has successfully acquired De Grey Mining Ltd through a court-approved scheme of arrangement, making the scheme legally effective. As a result, De Grey shares will be suspended from trading, and shareholders will receive 0.119 new Northern Star shares for each De Grey share held. The implementation of the scheme is expected to be completed by May 5, 2025, with De Grey being delisted from the ASX on May 6, 2025. This acquisition is a significant move for Northern Star, potentially enhancing its market position and shareholder value.
More about Northern Star Resources Ltd
YTD Price Performance: 49.90%
Average Trading Volume: 5,255
Technical Sentiment Signal: Sell
Current Market Cap: $16.41B
Learn more about NST stock on TipRanks’ Stock Analysis page.