Court Approves Scheme
Saracen Mineral Holdings Limited (ASX:SAR) and Northern Star Resources Ltd (ASX:NST) are pleased to announce that the Supreme Court of Western Australia (“Court”) has today made orders approving the scheme of arrangement by which Northern Star will acquire all of the shares in Saracen (“Scheme”).
Lodgement of Court Orders and Suspension of Trading It is expected that Saracen will lodge a copy of the Court's orders with the Australian Securities and Investments Commission tomorrow, Wednesday, 3 February 2021, at which time the Scheme will become legally effective. If this occurs, Saracen's shares will be suspended from trading on the ASX at the close of trading tomorrow.