Court Approves Schemes for Brightstar to Acquire Aurumin
Key points
- Brightstar Resources Limited to acquire 100% of Aurumin Limited shares
- Aurumin options to be cancelled in exchange for new Brightstar options
- Schemes approved by Supreme Court of Western Australia
Full summary
Aurumin Limited (ASX: AUN) has announced that the Supreme Court of Western Australia has approved the schemes of arrangement under which Brightstar Resources Limited (ASX:BTR) will acquire 100% of the shares of Aurumin and all Aurumin options will be cancelled in exchange for new Brightstar options. Aurumin intends to lodge an office copy of the Court's orders with the Australian Securities and Investments Commission on Friday, 21 November 2025, at which time the Schemes will become legally effective. Aurumin expects that the ASX will suspend Aurumin shares from trading on the ASX with effect from the close of trading on Friday, 21 November 2025. The remaining key dates for the Schemes include the Record Date on 25 November 2025 and the Implementation Date on 2 December 2025, after which Aurumin will be removed from the official list of ASX.
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