Winsome Resources (ASX:WR1) said that the proposed acquisition of all of the fully-paid ordinary shares in Winsome by Li-FT Power via a scheme of arrangement, as well as the acquisition of the unlisted options in Winsome via an option scheme, are now legally effective, according to a Tuesday Australian bourse filing.
A copy of the orders made by the Supreme Court of Western Australia approving the schemes was lodged with the Australian Securities and Investments Commission.
Winsome's shares are expected to be suspended from trading on the ASX with effect from the close of trading on Tuesday.