Aurumin gets court approval for Brightstar acquisition scheme meetings

Aurumin Limited (ASX:AUN) has announced that the Supreme Court of Western Australia has made orders for convening meetings of shareholders and optionholders to consider and vote on the proposed Share Scheme and Option Scheme. Under these schemes, Brightstar Resources Limited (ASX:BTR) will acquire 100% of Aurumin's shares and options. The Court also approved the dispatch of an explanatory statement (Scheme Booklet) detailing the Schemes.

The Scheme Booklet is expected to be registered with ASIC on October 9, 2025, and dispatched to securityholders around October 15, 2025. The Scheme Meetings are scheduled for November 14, 2025, at The Celtic Club in West Perth, with the Share Scheme Meeting at 2:00 PM (AWST) followed by the Option Scheme Meeting. The record date for determining eligibility to vote is 4:00 PM (AWST) on November 12, 2025.

The Aurumin directors unanimously recommend voting in favour of the Schemes, in the absence of a superior proposal, subject to the independent expert continuing to conclude that the Schemes are in the best interests of Aurumin securityholders. The second court hearing, if the Schemes are approved, is scheduled for November 19, 2025, with an effective date of November 21, 2025, and an implementation date of December 2, 2025.