• De Grey shareholders to vote on proposed acquisition by Northern Star
• Independent expert concludes scheme is fair and reasonable
• Shareholders can vote in person or online at the scheme meeting

De Grey Mining Ltd (ASX:DEG) has announced the dispatch of a scheme booklet to shareholders regarding the proposed acquisition of 100% of De Grey shares by Northern Star Resources Ltd (ASX:NST). The scheme is to be implemented via a court-approved scheme of arrangement under the Corporations Act. The Independent Expert has concluded that the scheme is fair and reasonable and therefore is in the best interests of De Grey shareholders, in the absence of a superior proposal. The De Grey directors continue to unanimously recommend that shareholders vote in favor of the scheme resolution, subject to no superior proposal emerging and the Independent Expert maintaining its conclusion. The scheme meeting is scheduled for 16 April 2025, and shareholders registered as of 14 April 2025 will be eligible to attend and vote. If the requisite majorities of shareholders vote in favor, De Grey will apply to the Federal Court for approval of the scheme. The key dates for the scheme process are provided, including the expected effective date of 23 April 2025 and implementation date of 5 May 2025. De Grey shareholders are encouraged to carefully read the scheme booklet and seek independent advice before deciding how to vote.