Metals X finalises compulsory acquisition of Aditya Birla Minerals

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Image credit: www.metalsx.com.au

Metals X Limited has completed the compulsory acquisition of the remaining ordinary shares in Aditya Birla Minerals Limited under the compulsory acquisition provisions of the Corporations Act 2001.

Image credit: www.metalsx.com.au
Image credit: www.metalsx.com.au

The company, which now holds 100% of Aditya Birla, said claim forms will be dispatched to former Aditya Birla shareholders who did not accept the company’s takeover offers on or prior to the closing date.

“These persons will need to complete and return the claim form so that the consideration which they are entitled to can be transferred to them,” Metals X told the ASX.

Metals X Limited is a diversified group exploring and developing metals and minerals in Australia. It is the country’s largest tin producer through its 50% ownership of the Renison Tin Project and a top 10 Australian gold producer.

The company also holds a pipeline of assets from exploration to production, including gold development projects in Western Australia, the Northern Territory and the world-class Wingellina Nickel Project.

Aditya Birla Minerals is an Australian based mining company with a focus on copper production and exploration. Located in Perth, Western Australia, the company holds mining and copper exploration activities at the Birla Nifty Copper Operation (BNCO) in the Great Sandy Desert, Pilbara, WA.