Second Supplementary Target's Statement
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| Stock | Forrestania Resources Ltd (FRS.ASX) |
|---|---|
| Release Time | 24 Jul 2026, 5:19 p.m. |
| Price Sensitive | Yes |
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Forrestania Extends Offer for Zenith Minerals
Key Points
- Offer period extended by 7 days to 7 August 2026
- Zenith recommends accepting the offer
- Acceptance required to receive consideration
- CGT rollover relief depends on achieving 80% ownership
- Zenith must ensure no outstanding options before offer closes
Full Summary
Forrestania Resources Ltd has extended its off-market takeover offer for Zenith Minerals Limited by seven days, with the new closing date set for 5:00pm AWST on Friday, 7 August 2026. The Zenith Board unanimously recommends shareholders accept the offer in the absence of a superior proposal. Shareholders must accept the offer to receive the takeover consideration. If Forrestania acquires at least 80% of Zenith's shares, eligible shareholders may be eligible for Capital Gains Tax rollover relief. Zenith must ensure no outstanding options before the offer closes. Shareholders who have acquired additional shares since the register date should ensure those shares are also accepted into the offer.
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