Peak Rare Earths Says Scheme of Arrangement for Acquisition by Shenghe Resources Implemented

MT Newswires Live

09/30

Peak Rare Earths (ASX:PEK) said a scheme of arrangement for the acquisition of the firm by Shenghe Resources (Singapore) was implemented, according to a Tuesday Australian bourse filing.

All Peak shares, other than those already owned by Shenghe, have been transferred to Shenghe for a scheme consideration of AU$0.443 per share.

An application will be made to remove Peak from the official list of the ASX.

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