
October 13, 2024
Alto Metals Limited (ASX:AME) (Alto) refers to its proposed scheme of arrangement under which Brightstar Resources Limited (ASX:BTR) (Brightstar) may acquire 100% of the shares in Alto (Scheme).
Scheme Booklet
Alto confirms that the explanatory statement providing information about the Scheme (Scheme Booklet) has today been registered with the Australian Securities and Investments Commission (ASIC). A copy of the Scheme Booklet is attached to this announcement and will also be made available on Alto’s website at https://altometals.com.au. Details of how you will receive your Scheme Booklet are set out in Alto’s announcement of 11 October 2024.
Capitalised terms in this announcement that are not otherwise defined have the meaning given to them in the Scheme Booklet.
Alto Shareholders should carefully read and consider the Scheme Booklet in its entirety, including the materials accompanying it, before deciding how to vote at the Scheme Meeting.
If after reading the Scheme Booklet you have any questions about the Scheme Booklet or the Scheme, please contact Alto’s Share Registry on 1300 441 597 (within Australia) or +61 2 8072 1465 (outside Australia) between 8:30am and 6:00pm (Sydney time) Monday to Friday, excluding public holidays, or via email at hello@automic.com.au. If you are in any doubt about what action you should take, please consult your broker or financial, taxation, legal or other professional adviser immediately.
Independent Expert’s Report
The Scheme Booklet includes a copy of the Independent Expert’s Report prepared by BDO Corporate Finance Australia Pty Ltd (Independent Expert). The Independent Expert has concluded that the Scheme is not fair but reasonable and therefore in the best interests of Alto Shareholders, in the absence of a Superior Proposal. The Independent Expert’s conclusion should be read in context with the full Independent Expert’s Report and the Scheme Booklet.
Click here for the full ASX Release
This article includes content from Brightstar Resources, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
BTR:AU
Alert Options
No alert set
INN Article Notification
Alert Option
You will be notified when this event occurs. No additional settings needed.
The Conversation (0)
05 August
Diggers and Dealers Presentation
Brightstar Resources (BTR:AU) has announced Diggers and Dealers PresentationDownload the PDF here. Keep Reading...
04 August
Goldfields Project July Construction Update
Brightstar Resources (BTR:AU) has announced Goldfields Project July Construction UpdateDownload the PDF here. Keep Reading...
02 August
Spectacular 305m @ 1.8g/t Au in Sandstone extension drilling
Brightstar Resources (BTR:AU) has announced Spectacular 305m @ 1.8g/t Au in Sandstone extension drillingDownload the PDF here. Keep Reading...
30 July
Quarterly Activities/Appendix 5B Cash Flow Report
Brightstar Resources (BTR:AU) has announced Quarterly Activities/Appendix 5B Cash Flow ReportDownload the PDF here. Keep Reading...
15 July
Building Mines and Growing Resources Presentation
Brightstar Resources (BTR:AU) has announced Building Mines and Growing Resources PresentationDownload the PDF here. Keep Reading...
4h
Boroo Plans C$1.5 Billion Investment to Restart Yukon’s Eagle Gold Mine
Singapore-based Boroo has agreed to acquire Victoria Gold Corp. for up to C$140 million and plans to invest more than C$1.5 billion in the Eagle Gold Mine in Yukon, according to a Thursday (October 22) news release.The company will invest in environmental remediation, mine restart activities and... Keep Reading...
23 October
Editor's Picks: Gold Price Slips Below US$4,000, Expert Says US$3,600 Could be Next
It was a week of downward momentum for gold, which tumbled from above US$4,100 per ounce to below US$4,000 by the end of the period. Silver took a hit as well, sinking from close to US$58 per ounce to below US$54. Those prices represent important levels for both metals. Investors tend to focus... Keep Reading...
23 October
Russia’s Gold Reserves Hit Lowest Level Since 2019
Russia’s gold reserves continued to shrink in September, with central bank holdings falling by approximately 62 metric tons since December 2025. The country’s gold holdings declined by 6.2 metric tons last month to approximately 2,264 metric tons, reaching their lowest level since 2019,... Keep Reading...
23 October
Infographic: A New US Home Now Costs Under 100 Ounces of Gold
From late 2025 through mid-2026, a median-priced new US home cost less than 100 ounces of gold in every quarter, the first time that’s happened since data collection began in 1963. The previous low came in 1980, at the end of gold’s 1970s run, when the figure bottomed out at exactly 100... Keep Reading...
23 October
Belo Sun’s Volta Grande Gold Project License Temporarily Suspended
Belo Sun Mining (TSX:BSX,OTCQB:BSXGF) is in the midst of another legal challenge at its Volta Grande gold project in Brazil, where the Supreme Court has temporarily suspended the installation license pending approval of a settlement agreement.In a Wednesday (October 21) news release, the company... Keep Reading...
22 October
Craig Tindale: Gold's New Era — Prepare Now for System Reset
Private investor and Substack newsletter writer Craig Tindale shares his thoughts on recent and potential future actions from the US Department of the Treasury, explaining their impact on the bond market, national debt and ultimately the gold sector. "I think we're heading into a very... Keep Reading...
Latest News
Interactive Chart
Latest Press Releases
Related News
TOP STOCKS
American Battery4.030.24
Aion Therapeutic0.10-0.01
Cybin Corp2.140.00






