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).
Atlas Iron Limited (ASX:AGO) and Aurox Resources Limited (ASX:AXO) (PINK:AUOXF) are pleased to report that the Federal Court of Australia has earlier today approved the scheme of arrangement between Aurox and its shareholders. Aurox will now proceed to extract the Orders from the Federal Court and intends to lodge the Orders with the Australian Securities and Investments Commission ("ASIC") tomorrow, Friday, 13 August 2010.
Atlas Iron Limited (ASX:AGO) releases June 2010 quarterly report.
Aurox Resources Limited (ASX:AXO) today released to its shareholders the Scheme Booklet explaining the full details of its proposed merger with Atlas Iron Limited (ASX:AGO) by way of scheme of arrangement. The Independent Expert commissioned by Aurox has concluded that the Scheme is fair and reasonable, and in the best interests of Aurox shareholders.
Atlas Iron Limited (ASX:AGO) is pleased to provide a Quarterly Activities Report for the period ending 31 March 2010.
Today Australian shares continued their losing streak in early trade, despite a positive lead from Wall Street. Yesterday the Asian and Australian market declined massively on the back to credit ratings downgrades for Greece and Portugal. Australian market's decline today was led by financial shares.
Atlas Iron Limited (ASX:AGO) is pleased to provide an operational update on recent progress towards achieving iron ore exports at a combined rate of 6 million tonnes per annum (Mtpa) from its Wodgina and Pardoo DSO operations in Western Australia by December 2010.
Atlas Iron Limited (ASX:AGO) and Aurox Resources Limited (ASX:AXO) (PINK:AUOXF) yesterday announced to the Australian Securities Exchange (ASX) that they have executed a Scheme Implementation Agreement to effect a merger of the two companies by way of Scheme of Arrangement. Atlas will issue Aurox shareholders with one Atlas share for every three Aurox shares they hold upon implementation. The merger has been unanimously recommended by the Board of Aurox and the Aurox Board members intend to vote in favour of the Scheme in relation to their personal shareholdings in Aurox, in the absence of a superior proposal.
ABN Newswire stocks to watch today include: Atlas Iron Limited (ASX:AGO), D'Aguilar Gold Limited's (ASX:DGR), Lions Gate Metals Inc. (CVE:LGM) (PINK:LGMFF), Magnetic Resources Nl (ASX:MAU), Universal Resources Limited (ASX:URL), Victory West Moly Limited (ASX:VWM) and ABM Resources NL (ASX:ABU).
Atlas Iron Limited (ASX:AGO) and Aurox Resources Limited (ASX:AXO) (PINK:AUOXF) are pleased to announce that Atlas and Aurox have reached agreement for Atlas and Aurox to merge by way of scheme of arrangement. Atlas will issue Aurox shareholders with one Atlas share for every three Aurox shares they hold upon implementation. Atlas will also make offers to Aurox optionholders to issue Atlas shares to them on a ratio determined by reference to the respective exercise price and expiry date of their options.
