Schemes Become Effective

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Stock Brightstar Resources Ltd (BTR.ASX)
Release Time 21 Nov 2025, 1:36 p.m.
Price Sensitive Yes
 Brightstar to Acquire Aurumin in Schemes
Key Points
  • Schemes of arrangement approved by Supreme Court
  • Aurumin shareholders to receive 1 Brightstar share for every 4 Aurumin shares
  • Aurumin options to be cancelled in exchange for new Brightstar options
Full Summary

Aurumin Limited (ASX: AUN) is pleased to announce that the schemes of arrangement under which Brightstar Resources Limited (ASX:BTR) will acquire 100% of the shares of Aurumin (Share Scheme) and all Aurumin options will be cancelled in exchange for new Brightstar options (Option Scheme) are now legally effective following lodgement of the copy of the orders of the Supreme Court of Western Australia in relation to the Schemes with the Australian Securities and Investments Commission. Aurumin shareholders registered on the Aurumin share register at 4.00pm (AWST) on Tuesday, 25 November 2025 (Record Date) will receive one (1) new Brightstar share for every four (4) Aurumin shares (Exchange Ratio) held in accordance with the terms of the Share Scheme, and Aurumin optionholders registered on the Aurumin option register on the Record Date will be entitled to receive new Brightstar options at the same Exchange Ratio in accordance with the terms of the Option Scheme (the Scheme Consideration). It is expected that the Schemes will be implemented, and that the Scheme Consideration will be issued, on Tuesday, 2 December 2025, and that Aurumin will be removed from the official list of ASX with effect from the close of business on Wednesday, 3 December 2025.