Court Approve Schemes for Merger of White Rock & AuStar Gold
Ballarat, Aug 11, 2021 AEST (ABN Newswire) - AuStar Gold Limited (
ASX:AUL) and White Rock Minerals Ltd (ASX:WRM) (WRMCF:OTCMKTS) are pleased to announce that the Federal Court of Australia (Court) has today made orders approving the share scheme of arrangement (Share Scheme) and option scheme of arrangement (Option Scheme) (together, the Schemes) for the proposed merger of AuStar Gold and White Rock.
Lodgement of Court Orders and Suspension of Trading
It is expected that AuStar Gold will lodge a copy of the Court's orders with the Australian Securities and Investments Commission tomorrow, Thursday, 12 August 2021, at which time the Schemes will become legally effective. If this occurs, AuStar Gold will apply for suspension of trading of its shares and listed options on the ASX with effect from the close of trading tomorrow.
To view the timetable, please visit:
https://abnnewswire.net/lnk/3C02S8L6
About White Rock Minerals Ltd
White Rock Minerals Ltd (ASX:WRM) (OTCMKTS:WRMCF) is a diversified explorer and near-stage producer, headquartered in Ballarat, Victoria. The Company's flagship exploration project is Red Mountain in central Alaska. At Red Mountain, there are already two high grade zinc - silver - gold - lead VMS deposits, with an Inferred Mineral Resource of 9.1 million tonnes @ 609g/t AgEq / 13% ZnEq. The Company is also exploring its recently discovered large intrusion related gold anomaly at Last Chance, also located in the Tintina gold belt of Alaska, home to multi-million gold ounce deposits like Pogo, Fort Knox and the Donlin Project. The Company also has the Mt Carrington project, located near Drake, in Northern NSW, which is a near-production precious metals asset with a resource of 341,000 ounces of gold and 23.2 million ounces of silver on an approved mining lease, and with a Gold First PFS and JORC Reserve.
| ||
|
