Schemes of Arrangement – Court Approval of Schemes

Horizon Minerals Limited (ASX: HRZ) (Horizon) and Greenstone Resources Limited (ASX: GSR) (Greenstone) refer to the proposed merger between Horizon and Greenstone to be conducted by way of schemes of arrangement under the Corporations Act 2001 (Cth), whereby Horizon will acquire 100% of the fully paid ordinary shares in Greenstone (Share Scheme) and 100% of the listed Greenstone options (Option Scheme, and together with the Share Scheme, the Schemes), as announced on 13 February 2024.

Horizon and Greenstone are pleased to confirm that the Supreme Court of Western Australia has today made orders approving the Schemes.

The Schemes will become legally effective following lodgement of the Court orders with the Australian Securities and Investments Commission (ASIC). Greenstone intends to lodge an office copy of the Court’s orders with respect to the Schemes with ASIC by 6 June 2024. Once this occurs, it is expected that Greenstone’s shares and listed options will be suspended from trading on the ASX at the close of trading on 6 June 2024.

Click here for the full ASX Release

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