tiprankstipranks
Company Announcements

Northern Star’s Acquisition of De Grey Mining Progresses with Court Approval

Story Highlights
Northern Star’s Acquisition of De Grey Mining Progresses with Court Approval

Northern Star Resources Ltd ( (AU:NST) ) has shared an update.

Northern Star Resources Ltd is set to acquire 100% of De Grey Mining Ltd’s shares through a court-approved scheme of arrangement. The Federal Court of Australia has ordered De Grey to hold a shareholder meeting to vote on the scheme, which is recommended by De Grey’s directors and deemed fair by an independent expert. The scheme booklet will be distributed to shareholders, with the meeting scheduled for April 16, 2025, and the implementation date set for May 5, 2025.

More about Northern Star Resources Ltd

YTD Price Performance: 11.68%

Average Trading Volume: 3,081

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: $12.39B

For detailed information about NST stock, go to TipRanks’ Stock Analysis page.

Questions or Comments about the article? Write to editor@tipranks.com
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App