Rex Minerals Limited (AU:RXM) has released an update.
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Shareholders of Rex Minerals Limited have overwhelmingly approved the acquisition by MACH Metals Australia Pty Ltd, with more than 98% voting in favor of the scheme. The completion of the deal is contingent on Federal Court approval and other conditions, with an effective date projected for 16 October 2024, when Rex shares will be suspended from trading on ASX. Final implementation of the acquisition is anticipated by 30 October 2024.
For further insights into AU:RXM stock, check out TipRanks’ Stock Analysis page.
