Australian Strategic Materials Says Federal Court Orders Shareholder Meeting to Vote on Proposed Acquisition by EFR Critical Materials
MT Newswires Live
May 15
Australian Strategic Materials (ASX:ASM) said the Federal Court of Australia, Western Australia Registry ordered that meetings of its shareholders and optionholders be convened to consider the proposed acquisition of the firm by EFR Critical Materials, a wholly-owned unit of Energy Fuels, via schemes of arrangement, according to a Friday Australian bourse filing.
The court also ordered that an explanatory statement, which includes information about the schemes together with the notices of the share scheme meeting and option scheme meeting, be dispatched to the firm's securityholders.
Its shares fell 2% in recent trading on Friday.
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