Atlas Iron Limited (ASX:AGO) Schemes Of Arrangement Implemented
Perth, Dec 21, 2009 AEST (ABN Newswire) - Atlas Iron Limited (ASX:AGO) is pleased to announce that the Schemes of Arrangement between Warwick Resources Limited ("Warwick") (ASX:WRK) and its shareholders and option holders (the "Scheme Participants") in relation to the merger of Warwick with Atlas have now been implemented. All Warwick ordinary shares have been transferred to Atlas. All Warwick options to acquire shares in Warwick will now be cancelled.
Atlas will despatch to the Schemes' Participants holding statements with regard to the new Atlas Shares by 22 December 2009. The new Atlas Shares will commence trading on a normal settlement basis from 23 December 2009.
In accordance with the Merger Implementation Agreement, directors Mr William Burbury, Mr Bruce McQuilty and Mr Richard Bennett have today resigned from the Warwick Board.
An application to delist Warwick from the ASX has been made and this is expected to take effect on 21 December 2009.
About Atlas Iron Limited
Atlas Iron Limited (ASX:AGO) is an independent Australian iron ore company, mining and exporting Direct Shipping Ore (DSO) from its operations in the Northern Pilbara region of Western Australia. Since listing on the ASX in late 2004, Atlas has grown rapidly and is now a member of the ASX100 index.
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