Brief: Brightstar Resources Announces Merger With Alto Metals

Brightstar Resources

01/08/2024 08:03

Aug 1 (Reuters) - Brightstar Resources Ltd  BTR.AX :
    * BTR AND AME STRATEGIC MERGER. BTR CONSOLIDATES SANDSTONE
    * UNDER SCHEME, ALTO SHAREHOLDERS WILL RECEIVE 4 BRIGHTSTAR
SHARES
FOR EACH ALTO SHARE HELD
    * SCHEME CONSIDERATION IMPLIES A FULLY DILUTED EQUITY VALUE
FOR
ALTO OF A$44.4M
    * CO AND ALTO METALS ENTERED INTO A SCHEME IMPLEMENTATION
DEED
    * ALTO BOARD UNANIMOUSLY RECOMMENDS SCHEME
    * CO TO RAISE UP TO A$24M (BEFORE COSTS) AT 1.5 AU CENTS PER
SHARE

Further company coverage:  BTR.AX 

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