Shares of Warriedar Resources Rise After Shareholders Approve Capricorn Metals Acquisition

MT Newswires Live

2025/11/07

Shares of Warriedar Resources (ASX:WA8) rose past 4% in Friday trade after the company said in a late Thursday Australian bourse filing that its shareholders and option holders voted in favor of Capricorn Metals' (ASX:CMM) proposed acquisition via court-approved schemes of arrangement.

The share scheme was backed by nearly 69% of shareholders, while around 78% of option holders voted in favor of the option scheme, per the filing.

The company plans to seek final court approval on Nov. 13, with the schemes set to take effect on Nov. 14 and be implemented on Nov. 25, the filing said.

Trading of the company's shares is anticipated to be halted from the close of markets on Nov. 14, the filing added.

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