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Perth, Aug 24, 2010 (ABN Newswire) - Atlas Iron Limited (
ASX:AGO) is pleased to report that the implementation of the merger between Aurox Resources Limited (ASX:AXO) (PINK:AUOXF) and Atlas by way of scheme of arrangement has taken place today (Scheme).
As a result of implementation of the Scheme, the holders of Aurox shares as at 5.00pm on 20 August 2010 (or, in the case of ineligible foreign holders and unmarketable scheme participants, their nominee) have been issued one new fully paid ordinary Atlas share for every three Aurox shares.
66,235,303 new Atlas shares were issued to Aurox shareholders and optionholders in consideration for the transfer of all of their shares and options in Aurox to Atlas. Aurox is now a wholly owned subsidiary of Atlas. The total number of Atlas shares on issue is now 540,009,119 shares.
The former Aurox shareholders now hold 12.27% of the total shares on issue in Atlas.
Trading of the new Atlas shares on a normal settlement basis is expected to commence on Wednesday, 25 August 2010.
For the complete Atlas Iron announcement including Distribution Schedule and a list of top 20 holders, please view the following link:
http://www.abnnewswire.net/media/en/docs/63584-ASX-AGO-502606.pdf
ASX:AGO) is pleased to report that the implementation of the merger between Aurox Resources Limited (ASX:AXO) (PINK:AUOXF) and Atlas by way of scheme of arrangement has taken place today (Scheme).As a result of implementation of the Scheme, the holders of Aurox shares as at 5.00pm on 20 August 2010 (or, in the case of ineligible foreign holders and unmarketable scheme participants, their nominee) have been issued one new fully paid ordinary Atlas share for every three Aurox shares.
66,235,303 new Atlas shares were issued to Aurox shareholders and optionholders in consideration for the transfer of all of their shares and options in Aurox to Atlas. Aurox is now a wholly owned subsidiary of Atlas. The total number of Atlas shares on issue is now 540,009,119 shares.
The former Aurox shareholders now hold 12.27% of the total shares on issue in Atlas.
Trading of the new Atlas shares on a normal settlement basis is expected to commence on Wednesday, 25 August 2010.
For the complete Atlas Iron announcement including Distribution Schedule and a list of top 20 holders, please view the following link:
http://www.abnnewswire.net/media/en/docs/63584-ASX-AGO-502606.pdf
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About Atlas Iron Limited
Atlas Iron Limited (ASX:AGO) is mining and exporting from its 100%-owned Pardoo and Wodgina Iron Ore projects, located 75 kilometres and 110km by road from Port Hedland in the Pilbara region of Western Australia. In the 2009/10 financial year Atlas shipped over 1.2 million tonnes of Pardoo Direct Shipping Ore (DSO). Atlas is expanding its production from its Wodgina and Pardoo DSO mines following the commissioning of the Utah Point port facility and is targeting exports at an annualised rate of 6 million tonnes by the end of 2010. When combined with additional export tonnages from its Abydos & Mt Webber DSO Projects, the Company is targeting exports at an annualised rate of 12 million tonnes during 2012.
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Related Companies |
>>>          Atlas Iron Limited>>> Aurox Resources Limited |
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Metals | Energy General | Financial General | Mining | Iron Ore | |
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