Scheme of Arrangement
Northern Star Resources Ltd (Northern Star) (ASX: NST) has agreed to acquire De Grey Mining Ltd (De Grey) (ASX: DEG) by way of a recommended Scheme of Arrangement, with De Grey shareholders to receive 0.119 new Northern Star shares for each De Grey share held.
The ASX announcement of the Scheme can be read here.Â
A presentation which accompanied the announcement can be read here.
De Grey shareholders do not need to take any action in relation to the Scheme at this stage.
We expect to dispatch a Scheme Booklet containing further information to De Grey shareholders in March 2025.
The Scheme Meeting is expected to be held in April 2025 and, if approved by De Grey shareholders and the Court, the Scheme is expected to be implemented in late April or early May 2025.
