Potential ‘change of control’ transaction brewing at Azure
As lithium exploration firm Latin Resources’ shares resumed trading on Monday following a halt, three other ASX-listed lithium companies initiated their own trading halts.
One of these is Azure Minerals, which flagged a “potential change of control” transaction.
Azure did not name its suitor, but local news outlets speculated that Chilean giant Socieded Quimica Y Minera (SQM) may be behind a bid.
SQM in July offered A$2.31 a share for Azure, but the Australia-based company rejected the offer, stating that it did not warrant further engagement, considering the potential of its Andover lithium project, in Western Australia.
Azure’s stock traded at A$2.44 a share before the trading halt came into effect on Monday.
Meanwhile, European Lithium also requested a trading halt, pending an announcement regarding the “Nasdaq merger”.
The company, which is focused on advancing the Wolfsberg project, in Austria, entered into a business combination agreement with Sizzle Acquisition Corp late last year, paving the way for a Nasdaq listing. European Lithium teamed up with the special purpose acquisition company to form a new lithium exploration and development firm, named Critical Metals, which will join the Nasdaq.
Pan Asia Metals, which has lithium development projects in South East Asia and South America, requested a halt in its securities from the ASX, pending the release of an announcement in relation to a proposed equity raise by way of a placement.
Further, Matador Mining, which is exploring for gold in Newfoundland, Canada, requested a trading halt for a capital raising announcement.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation