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9 stories mentioning ASX:MAU

Every FINWIRES story that references ASX:MAU, newest first.

Asia

Magnetic Resources Says Scheme of Arrangement for Acquisition by Genesis Minerals Becomes Effective; Genesis Shares Fall 6%

Magnetic Resources (ASX:MAU) confirmed that the scheme of arrangement under which Genesis Minerals (ASX:GMD) will acquire 100% of the shares in Magnetic became effective on Wednesday, according to a same-day Australian bourse filing.Magnetic lodged a copy of the orders made by the Supreme Court of Western Australia approving the scheme with the Australian Securities and Investments Commission, per the filing. Magnetic shares are expected to be suspended from trading on ASX from close of trading on Wednesday.Magnetic's shares fell nearly 2% in recent trading on Wednesday, while those of Genesis plunged by roughly 6%.

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Asia

Magnetic Resources Says Western Australia Supreme Court Approves Acquisition by Genesis Minerals; Genesis Shares Fall 4%

Magnetic Resources (ASX:MAU) said the Supreme Court of Western Australia made orders approving the scheme of arrangement, under which Genesis Minerals (ASX:GMD) will acquire 100% of the shares in Magnetic, according to a Tuesday Australian bourse filing.Magnetic plans to lodge a copy of the court's orders with the Australian Securities and Investments Commission on Wednesday, at which time the scheme will become effective, per the filing. It expects that ASX will suspend its ordinary shares and its contributing shares from trading on the ASX with effect from the close of trading on Wednesday.Magnetic's shares fell nearly 2% in recent trading on Tuesday, while those of Genesis tumbled past 4%.

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Asia

Update: Magnetic Resources Investors Approve Genesis Minerals Acquisition; Genesis Shares Fall 4%

(Updates to add stock movement in the headline and the fourth paragraph)Magnetic Resources (ASX:MAU) said its shareholders approved the proposed scheme of arrangement under which Genesis Minerals (ASX:GMD) will acquire 100% of the company, according to an Australian bourse filing on Wednesday after market hours.Nearly 97% of shareholders present and voting at the scheme meeting and almost 100% of the total votes cast were in favor, per the filing.The company will seek final approval from the Supreme Court of Western Australia on June 9. If granted, the scheme is expected to take effect on June 10, with Australian Securities Exchange trading suspended from that date, and the scheme implemented on June 22, the filing added.Genesis Minerals' shares fell nearly 4% in recent trading on Thursday.

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Asia

Magnetic Resources Investors Approve Genesis Minerals Acquisition

Magnetic Resources (ASX:MAU) said its shareholders approved the proposed scheme of arrangement under which Genesis Minerals (ASX:GMD) will acquire 100% of the company, according to an Australian bourse filing on Wednesday after market hours.Nearly 97% of shareholders present and voting at the scheme meeting and almost 100% of the total votes cast were in favor, per the filing.The company will seek final approval from the Supreme Court of Western Australia on June 9. If granted, the scheme is expected to take effect on June 10, with Australian Securities Exchange trading suspended from that date, and the scheme implemented on June 22, the filing added.

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Asia

Western Australia Supreme Court to Hear Application Related to Genesis Materials' Takeover of Magnetic Resources

Magnetic Resources (ASX:MAU) said the Supreme Court of Western Australia will hear an application by the firm on June 9, seeking the approval of its members of a scheme of arrangement under which Genesis Minerals (ASX:GMD) proposes to acquire 100% of the shares in Magnetic, according to a Friday Australian bourse filing.Members seeking to oppose the application must file with the court and serve on Magnetic a notice of appearance, together with any affidavit they wish to present at the hearing.

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Asia

Magnetic Resources Identifies High-Grade Gold Mineralization at Western Australia Project

Magnetic Resources (ASX:MAU) said it intersected high-grade gold mineralization during a recent drilling at its Lady Julie Gold Project in Western Australia, according to a Monday Australian bourse filing.The results were up to 15 meters at 3.9 grams per tonne gold from 200 meters, including 10 meters at 5.5 grams per tonne gold from 205 meters.In the same filing, the company said the board continues to unanimously support the Genesis scheme and recommends that shareholders vote in favor of it in the absence of a superior proposal and subject to the independent expert continuing to conclude the scheme is in the best interests of shareholders, it added.

ASX:MAU
Asia

Magnetic Resources Advances Western Australia Project With Updated Mining Proposal

Magnetic Resources (ASX:MAU) lodged an updated mining proposal and mine closure plan for its wholly owned Lady Julie Gold Project in Western Australia's Eastern Goldfields with the Department of Mines, Petroleum and Exploration, following recent optimization work, according to a Tuesday Australian bourse filing.The revision consolidates tailings storage at Lady Julie North 4 within the waste rock dump and incorporates improved geotechnical and hydrogeological studies for pit stability and water management, along with additional technical assessments addressing flood mitigation, waste rock classification, and environmental impacts, per the filing.The company is continuing to respond to regulatory information requests following recent mining lease approvals and, with board support for the Genesis Scheme and no superior offer available, is recommending that shareholders vote in favor of the scheme, the filing added.

ASX:MAU
Asia

Magnetic Resources Says Proposed Acquisition by Genesis Minerals to be Completed By June

Magnetic Resources (ASX:MAU) said the proposed scheme of arrangement, under which Genesis Minerals (ASX:GMD) will acquire all the shares of the firm, is expected to be completed by June and is progressing on schedule, according to a Thursday Australian bourse filing.The company's board unanimously recommended that Magnetic shareholders vote in favor of the scheme.Genesis Minerals' shares shed about 2% in recent Thursday trade.

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Asia

Magnetic Resources Lodges Draft Scheme Booklet With ASIC for Genesis Minerals Deal

Magnetic Resources (ASX:MAU) said it has lodged a draft scheme booklet with the Australian Securities and Investments Commission (ASIC) and ASX for review, containing an independent expert's report for its proposed scheme of arrangement under which it will be acquired by Genesis Minerals (ASX:GMD), according to a Monday Australian bourse filing.The company said the scheme booklet is expected to be made available to shareholders in early May, with an updated scheme timetable to be provided following the first court hearing scheduled for April 28.The company said its board continues to consider the scheme to be in the best interests of shareholders and recommends it be approved at the scheme meeting, in the absence of a superior proposal and subject to the independent expert concluding the scheme remains in shareholders' best interests.

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