petratherm

Petratherm Limited Announces Filing of Early Warning Report Related to the Acquisition of Common Shares of Outback Goldfields Corp.

Petratherm Limited (ASX: PTR) ("Petratherm") announces that it has filed an early warning report (the "Report") announcing that, on December 15, 2020, Petratherm acquired (the "Acquisition") 33,333,333 common shares (the "Common Shares") of Outback Goldfields Corp. (formerly, Skarb Exploration Corp.) (the "Issuer") pursuant to an asset purchase agreement (the "Asset Purchase Agreement") dated October 9, 2020 between Petratherm and the Issuer.

Prior to the Acquisition, Petratherm did not hold any securities of the Issuer. Following the Acquisition, Petratherm owns 33,333,333 common shares, representing approximately 57.1% of the issued and outstanding common shares on a non-diluted basis.

Petratherm acquired the Common Shares as consideration for the sale of its gold projects located in Victoria, Australia. Unless permitted under securities legislation, Petratherm must not trade the Common Shares before April 16, 2021. Petratherm has obtained shareholder approval to distribute the Common Shares in specie to its shareholders following the expiry of this restriction period. Petratherm may acquire additional securities including on the open market or through private acquisitions in the future depending on market conditions, reformulation of plans and/or other relevant factors. Depending on market conditions, general economic and industry conditions, the Issuer's business and financial condition and/or other relevant factors, Petratherm may develop such plans or intentions in the future.

This press release is being issued pursuant to National Instrument 62-103 - The Early Warning System and Related Take-Over Bids and Insider Reporting Issues in connection with the filing of the Report by Petratherm.

For further details relating to the Acquisition, please see the Report, a copy of which is available on the Issuer's profile on SEDAR at www.sedar.com.

For more information, please contact:

Simon O'Loughlin, Director
Petratherm Limited
Tel: +61 8 8111 4000

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/70525

News Provided by Newsfile via QuoteMedia

The Conversation (0)
gold in new brunswick

Brunswick Exploration Announces AGM Results

Brunswick Exploration Inc. (“BRW” or the “Corporation”) is pleased to announce the results of its annual general meeting (“AGM”) of shareholders held on June 12, 2025. Shareholders holding a total of 80,309,202 common shares of the Corporation attended the AGM in person or were represented by proxy, representing approximately 37 % of the 218,274,932 common shares issued and outstanding.

Pierre Colas, Jeffrey Hussey, André Le Bel, Amy Satov, Mathieu Savard and Robert Wares were re-elected to the board of directors.

Keep reading...Show less
Harvest Gold (TSXV:HVG)

Harvest Gold Identifies 15 Primary And 10 Secondary Targets For Its Diamond Drill Program At Its Mosseau Project In Quebec

Harvest Gold Corporation (TSXV: HVG) (“Harvest Gold ” or the “Company ”) is pleased to announce the finalization of drill targets for its planned diamond drill program at the Company’s Mosseau Project, located in the Urban-Barry Greenstone Belt of Quebec (Figure 1).

Rick Mark, President and CEO of Harvest Gold, states: “Our geological team has done a tremendous job in compiling and collating the many datasets from the historic work of many companies in the northern area of Mosseau. They also built a new database for the central area with Harvest Gold’s 2024 air and ground programs data, captured using today’s technologies, layered over the data from historic work done sporadically. Drill permits are secured and a drill contract for a 5,000-metre program is signed. We are ready to drill.”

Keep reading...Show less
Radisson Mining Resources (TSXV:RDS)

Radisson Announces Results of its Annual and Special Meeting of Shareholders

Radisson Mining Resources Inc. (TSXV: RDS) (OTCQB: RMRDF) ("Radisson" or the "Company) is pleased to announce the results of its Annual and Special Meeting of Shareholders ("AGM") held on June 12, 2025. Shareholders voted in favour of all items of business, including the election of each director nominee, the appointment of auditors, and the adoption of a new Omnibus Equity Incentive Plan. A total of 156,469,851 votes were represented in the meeting amounting to 45.22% of the Company's class A shares issued as of the record date. Directors re-elected to the board were Pierre Beaudoin, Lise Chénard, Michael Gentile, Peter MacPhail, Matt Manson, Jeff Swinoga and Cindy Valence. Subsequent to the AGM, Pierre Beaudoin was re-appointed as Chairperson of the Board of Directors.

Keep reading...Show less
"M&A" written on puzzle pieces.

Western Australia Approves Aston Minerals and Torque Metals Merger

Aston Minerals (ASX:ASO) and Torque Metals (ASX:TOR)made a joint announcement on Tuesday (June 10) acknowledging that the Supreme Court of Western Australia has approved their proposed merger.

First announced in January, the deal will see Torque acquire all of Aston's fully paid ordinary shares.

Aston’s delisting from the ASX is underway, with trading suspended on May 29. The company applied for termination of official quotation and removal from the ASX on the day the merger got the green light.

Keep reading...Show less
WIA Gold

Drilling continues to return significant high-grade mineralisation

Wia Gold Limited (ASX: WIA) (Wia or the Company) is pleased to report further positive assay results for thirty-six (36) Reverse Circulation (RC) drillholes and nine (9) diamond drillholes (DD), totalling 9,349 metres, aiming to upgrade inferred resources and support resource growth at the 2.12Moz1 Kokoseb Gold Project (Kokoseb) in Namibia.

Keep reading...Show less

Latest Press Releases

Related News

×