Results of General Meeting - Endorsement of Edna May

Key points

• 99.94% of shareholders approved the Edna May acquisition
• 99.93% approval for the second tranche of the $310 million capital raising
• Shareholder approvals fulfill key conditions for the transaction completion

Full summary

Forrestania Resources Limited (ASX: FRS) announced that shareholders overwhelmingly endorsed the acquisition of the Edna May Project from Ramelius Resources Limited, with 99.94% support at the General Meeting. This approval, along with the 99.93% approval for the second tranche of the $310 million capital raising, satisfies key shareholder conditions required for the transaction and associated funding package. The acquisition and funding arrangements are now set to proceed, enabling Forrestania to consolidate its position as a leading Western Australian gold company.