PNX Metals Acquisition by Patronus Resources Approved

PNX Metals Limited (AU:PNX) has released an update.

PNX Metals Limited has announced the approval of their acquisition by Patronus Resources Limited, following the Supreme Court of Western Australia’s endorsement of the scheme of arrangement. PNX shares will cease trading on the ASX after the effective date of September 2, 2024, with eligible shareholders set to receive one PTN share for every thirteen PNX shares they hold as of September 4, 2024.

For further insights into AU:PNX stock, check out TipRanks’ Stock Analysis page.