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White Rock Minerals Ltd (ASX:WRM) Scheme Booklet Registered with ASIC
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AuStar Gold Limited (ASX:AUL) and White Rock Minerals Ltd (ASX:WRM) (OTCMKTS:WRMCF) refer to the Companies' joint announcement on 22rd June in relation to the proposed merger of AuStar Gold and White Rock (Merger) by way of a share scheme of arrangement (Share Scheme) and option scheme of arrangement (Option Scheme) (together, the Schemes) and the orders made by the Federal Court of Australia convening the meetings of AuStar Securityholders to vote on the Schemes (Scheme Meetings) and approving the despatch of the Scheme Booklet to AuStar Securityholders.
AuStar Gold and White Rock are now pleased to announce that the Independent Expert has concluded that each of the Schemes is fair and reasonable and therefore in the best interests of the AuStar Securityholders.
Independent Expert's Report and Board Recommendation
The Scheme Booklet includes a copy of the Independent Expert's report prepared by RSM Corporate Australia Pty Ltd (Independent Expert), which concludes that each of the Schemes is fair and reasonable and in the best interests of AuStar Securityholders.
The Schemes continue to be unanimously recommended by the AuStar Gold Board, subject to no superior proposal emerging for AuStar Gold and the Independent Expert continuing to conclude that the Schemes are in the best interests of AuStar Gold Securityholders.
Each AuStar Gold director intends to vote, or procure the voting of, all AuStar shares and listed options held or controlled by them in favour of the Schemes, subject to the same qualifications.
To view the scheme booklet, please visit: https://abnnewswire.net/lnk/883BUUY4
For further information, contact:
Matthew Gill or Shane Turner
Phone: +61-3-5331-4644
Email: info@whiterockminerals.com.au
www.whiterockminerals.com.au
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