Scheme of Arrangement for Gold Road Resources Acquisition by Gruyere Holdings Becomes Effective

MT Newswires Live

09/26

Gold Road Resources (ASX:GOR) lodged with the Australian Securities and Investments Commission (ASIC) a copy of the Supreme Court of Western Australia's orders approving the scheme of arrangement for the acquisition of the firm by Gruyere Holdings, and the scheme is now legally effective, according to a Friday Australian bourse filing.

It is expected that Gold Road's shares will be suspended from trading on ASX from the close of trading on Friday.

Gold Road confirmed that the scheme consideration will be AU$3.06423 per share, and the consideration is expected to be paid on Oct. 14 to shareholders of record as of Oct. 8.

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