AuStar Gold Limited (ASX:AUL) (AuStar Gold) and White Rock Minerals Ltd
(ASX:WRM;OTCQX:WRMCF) (White Rock) are pleased to announce that the share scheme of arrangement
(ShareScheme) and option scheme of arrangement (Option Scheme) (together, the Schemes) for the merger
of AuStar Gold and White Rock have today been implemented.
Consideration for the Schemes
All AuStar Gold shares have today been transferred to White Rock and all AuStar Gold listed options
have been cancelled.
Eligible AuStar Gold shareholders have been issued consideration of 0.78 new shares in White Rock
for every 1 AuStar Gold share held at 7.00pm (AEST) on Monday 16 August 2021 (Record Date).
Eligible AuStar Gold listed optionholders have been issued consideration of 1 new White Rock option
exercisable at $0.77 and otherwise on substantially the same terms as the terms of the AuStar Gold
listed options, for every 1 AuStar Gold listed option held at the Record Date.
Delisting
Trading in AuStar Gold shares and listed options on the ASX was suspended from the close of trading
on Thursday, 12 August 2021. An application will be made to remove AuStar Gold from the official list
of ASX, which is expected to take effect on and from 24 August 2021.
This announcement has been approved for release by the Boards of AuStar Gold and White Rock.
For Further Information:
AuStar Gold
Paul McNally
Director
AuStar Gold Limited
[email protected]
White Rock
Matt Gill
MD&CEO
White Rock Minerals Limited
[email protected]
