MXR: Astral Issues Compulsory Acquisition Notice
Released
Released
Announcement PDF
ASX ANNOUNCEMENT
31 March 2025
Astral Issues Compulsory Acquisition Notice
(>90% Acceptances)
Maximus Resources Limited (‘Maximus’ or the ‘Company’, ASX:MXR) refers to the most recent substantial holder
notice from Astral Resources NL (‘Astral’ or ASX:AAR), noting that Astral has acquired approximately 90.5% of the
shares in Maximus (Offer)1.
On 31 March 2025, Astral provided notice to the market (Compulsory Acquisition Notice) that it has commenced
the compulsory acquisition process under the Corporations Act 2001 (Cth). ASX will suspend the quotation of
Maximus' shares five (5) business days after the date of the Compulsory Acquisition Notice, being 31 March 2025,
and will then remove Maximus from the official list of the ASX at the close of trading on the date to be determined
by ASX.
Maximus shareholders who have not accepted the Offer may still do so by the scheduled Offer closing time of 7:00
pm (AEDT) on Friday, 4 April 2025. The Offer will not be extended. Maximus shareholders who accept the Offer
by the Offer closing date will receive consideration for their Maximus shares on an accelerated basis (as detailed in
Astral's announcement dated 24 February 2025) instead of undergoing the compulsory acquisition process.
If Maximus shareholders do not accept the Offer before the scheduled closing time, on completion of the compulsory
acquisition procedure, Astral will issue the Offer consideration to Maximus and Maximus shareholders will be able
to claim the Offer consideration from Maximus.
This announcement has been authorised for release by the Board of Maximus.
For further information or to ask a question, please visit www.maximusresources.com or contact:
T: +61 8 9382 8822
E: info@maximusresources.com
W: www.maximusresources.com
1
Refer to Form 604 Notice released 31 March 2025.
Join Maximus’ interactive InvestorHub - www.maximusresources.com
Maximus Resources Limited - Suite 12, 198 Greenhill Road, Eastwood SA, 5063
ASX:MXR
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