The Supreme Court of Western Australia on Friday (7 February) made orders approving the proposed merger between Poseidon Nickel (ASX:POS) and Horizon Minerals (ASX:HRZ) by way of schemes of arrangement.
The schemes will become legally effective following lodgement of the Court orders with the Australian Securities and Investments Commission (ASIC).
Poseidon intends to lodge an office copy of the orders by 10 February 2025. Once this occurs, it is expected that Poseidon’s securities will be suspended from trading on the ASX at the close of trading that same day
Implementation date for the issue of scheme consideration is 19 February.
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Images: Poseidon
