Implementation Of Atlas Iron Limited (ASX:AGO) And Aurox Resources Limited (ASX:AXO) Merger
Perth, Aug 24, 2010 AEST (ABN Newswire) - Atlas Iron Limited (
ASX:AGO) is pleased to report that the implementation of the merger between Aurox Resources Limited (ASX:AXO) (PINK:AUOXF) and Atlas by way of scheme of arrangement has taken place today (Scheme).
As a result of implementation of the Scheme, the holders of Aurox shares as at 5.00pm on 20 August 2010 (or, in the case of ineligible foreign holders and unmarketable scheme participants, their nominee) have been issued one new fully paid ordinary Atlas share for every three Aurox shares.
66,235,303 new Atlas shares were issued to Aurox shareholders and optionholders in consideration for the transfer of all of their shares and options in Aurox to Atlas. Aurox is now a wholly owned subsidiary of Atlas. The total number of Atlas shares on issue is now 540,009,119 shares.
The former Aurox shareholders now hold 12.27% of the total shares on issue in Atlas.
Trading of the new Atlas shares on a normal settlement basis is expected to commence on Wednesday, 25 August 2010.
For the complete Atlas Iron announcement including Distribution Schedule and a list of top 20 holders, please view the following link:
http://www.abnnewswire.net/media/en/docs/63584-ASX-AGO-502606.pdf
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.
| ||
|
