Horizon Minerals Ltd (ASX:HRZ) welcomes the move by Greenstone Resources Ltd to schedule meetings for their shareholders and optionholders to vote on a proposed merger.
This follows previous announcements in February and April concerning the merger under schemes of arrangement as per the Corporations Act 2001.
Greenstone to convene meetings
The Supreme Court of Western Australia recently granted orders for Greenstone to convene separate meetings for both shareholders and option holders. These meetings will be convened to resolve the share scheme and option scheme respectively.
Greenstone shareholders will assemble at midday (AWST) on May 31 at Greenstone's registered office in West Perth, WA, and virtually. The meeting for option holders is scheduled for 1:00pm (AWST) on the same day.
The court also approved the distribution of an explanatory statement that details the schemes along with notices of the meetings, collectively referred to as the scheme booklet.
Essential information for shareholders
This document will provide essential information to stakeholders about the merger and guide them on how to participate and vote during the meetings.
The scheme booklet is set to be dispatched shortly following its registration by the Australian Securities and Investments Commission (ASIC), with a detailed announcement to be made post-registration.
Both Horizon and Greenstone urge shareholders and option holders to thoroughly review the scheme booklet to make informed decisions about the merger proposals.