Capricorn metals wraps up warriedar resources acquisition

Capricorn Metals Ltd has completed the acquisition of Warriedar Resources Limited through a Court-approved share and option scheme. Effective November 25, 2025, Warriedar Resources' ordinary shares and listed options were transferred to Capricorn. Warriedar shareholders will receive 1 new Capricorn share for every 52.75 Warriedar shares held, while option holders will receive 1 new Capricorn option for every 52.75 Warriedar options held. An application has been made to delist Warriedar from the ASX, expected November 26, 2025.

Following the acquisition, Capricorn's issued capital includes 23,821,474 new ordinary fully paid deferred shares (CMMN) and 1,065,800 new deferred options (CMMO). The consideration for these new securities is valued at AUD13.64 per security, resulting from the acquisition of 1,256,580,629 Warriedar ordinary shares and 56,220,766 Warriedar listed options.

Separately, Capricorn Metals held its annual general meeting on November 25, 2025, where all resolutions were passed. These included the adoption of the remuneration report, re-election of directors Mr. Mark Clark and Mr. Myles Ertzen, ratification of a prior share issue, and approval for the issue of performance rights to Mr. Mark Clark.