Court Hearing to Consider Northern Star's Acquisition of De Grey Mining; De Grey's Shares Rise 4%

MT Newswires Live

04/04

De Grey Mining (ASX:DEG) said a court hearing to approve the proposed acquisition of 100% of the shares in the firm by Northern Star Resources (ASX:NST) is scheduled to take place on April 22 in the Federal Court of Australia, Western Australia registry, according to a Friday Australian bourse filing.

De Grey's shareholders have the right to appear and be heard at the hearing and may oppose the approval of the scheme, the filing said.

De Grey's shares rose 4%% and Northern Star's shares rose 2% in recent trading on Friday.

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