Warriedar merger with Capricorn Metals moves ahead with court approval

Warriedar Resources shareholders and listed optionholders are set to vote on a court-approved acquisition by Capricorn Metals. The Supreme Court of Western Australia has directed Warriedar to convene meetings for the Share Scheme and an Option Scheme, and the Scheme Booklet has been registered with ASIC. The Scheme Booklet will be dispatched around Friday, October 3, 2025, with Scheme Meetings scheduled for Thursday, November 6, 2025.

Under the Share Scheme, Warriedar shareholders will receive one New Capricorn Share for every 62 Warriedar Shares, implying a value of A$0.199 per Warriedar Share based on Capricorn’s closing price on September 24, 2025. Similarly, listed optionholders will receive one New Capricorn Option for every 62 Warriedar Listed Options. The Independent Expert has concluded that both schemes are fair and reasonable in the absence of a superior proposal, a recommendation unanimously supported by the Warriedar Board.

If approved, Warriedar Securityholders will hold approximately 4.66% of the Enlarged Group on a diluted basis. The Second Court Hearing is set for Thursday, November 13, 2025, with new Capricorn Shares expected to commence normal settlement trading on ASX from Wednesday, November 26, 2025.