Proactive Investors - Run By Investors For Investors

Tawana Resources merger with Alliance Mineral Assets becomes effective

The two companies are co-owners at the Bald Hill lithium-tantalum mine in the Eastern Goldfields.
Tawana Resources merger with Alliance Mineral Assets becomes effective
Production at Bald Hill began in March 2018

Tawana Resources’ NL (ASX:TAW) scheme of arrangement with Alliance Mineral Assets Limited for Alliance to acquire 100% of Tawana’s shares is now effective.

The scheme went into effect after Tawana lodged a copy of the Federal Court of Australia’s orders approving the merger with the Australian Securities and Investments Commission (ASIC).


Tawana will apply for its shares to be suspended from trading on the ASX and JSE from the close of trading today.

It is expected that Alliance will start trading on the ASX from 10am on Wednesday, December 5, under the ASX ticker A40 on a deferred settlement basis.

Scheme consideration will be issued on Friday, December 14 and Alliance shares are expected to begin trading on the ASX on a normal settlement basis on Monday, December 17.

Under the scheme, Tawana shareholders will receive 1.1 Alliance shares per Tawana share held on the record date of Friday, December 7.

View full TAW profile View Profile

Tawana Resources NL Timeline

Related Articles

drill rig
March 07 2019
The company is now chaired by Dubai royal, His Highness Sheikh Maktoum Hasher al Maktoum, a Commercial Bank of Dubai board member.
TGME plant
February 06 2019
A scoping study for Theta Hill released in October 2018 delivered a positive result for the shallow, high-grade gold resource.
Colluli is 75 kilometres from Eritrea’s eastern Red Sea coast
April 24 2019
Plans to build the 200-year fertiliser project are backed with a US$200 million loan facility.

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use