Base Resources Limited (ASX:BSE) has requested the suspension from official quotation of its ordinary shares, effective from the close of trading on September 13, 2024. This request follows the lodgement of the Federal Court of Australia's orders with ASIC approving the scheme of arrangement by which EFR Australia Pty Ltd, a wholly owned subsidiary of Energy Fuels Inc., will acquire all the issued shares in Base Resources.
Base Resources Limited has formally requested the suspension of its securities from official quotation in connection with the scheme of arrangement with EFR Australia Pty Ltd. The scheme, which has been legally approved, will result in EFR Australia Pty Ltd acquiring all the issued shares in Base Resources. The suspension is intended to facilitate the implementation of the scheme, and Base Resources is expected to request removal from the official list of ASX and termination of the quotation of its shares on October 2, 2024, subject to the implementation of the scheme.
Base Resources Limited (ASX:BSE) has requested the suspension of its ordinary shares from official quotation to facilitate the implementation of a scheme of arrangement with EFR Australia Pty Ltd, a wholly owned subsidiary of Energy Fuels Inc. The scheme, which has been legally approved, will result in EFR Australia Pty Ltd acquiring all the issued shares in Base Resources. The company anticipates making the request for removal from the official list of ASX and termination of the quotation of its shares on October 2, 2024, coinciding with the expected implementation of the scheme.