Magnetic Resources NL Notice of Second Court Hearing
Key points
- Notice of a second court hearing on June 9, 2026
- Proposed scheme of arrangement for Genesis Minerals acquisition
- Hybrid meeting on June 3, 2026
- Members can file opposition notices by June 8, 2026
Full summary
Magnetic Resources NL (ASX:MAU) informs that a second court hearing is scheduled for June 9, 2026, to approve the scheme of arrangement for Genesis Minerals Limited (ASX:GMD) to acquire 100% of Magnetic. Members can oppose the scheme and must file notices of appearance by June 8, 2026. The meeting for members to consider the scheme is on June 3, 2026, at Hamilton Locke, Perth.
Outlook
The outcome of the court hearing on June 9, 2026, will determine the next steps in the proposed acquisition by Genesis Minerals.
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