As announced to the ASX on 20 May 2020, the Alkane board has resolved to progress with the Demerger transaction to separately list Australian Strategic Materials Limited (ASM) on the Australian Securities Exchange (ASX), subject to shareholder approval and ASX approval for listing.
The Demerger Booklet was released to the ASX today, along with the notice of meeting for an extraordinary general meeting (EGM) of the shareholders of Alkane Resources Limited to be held on Thursday, 16 July 2020 at 10:00am (AWST).
Shareholders are invited to vote at this EGM, where shareholder approval for the Demerger will be sought.
Due to the coronavirus pandemic and related issues, the meeting will be held virtually through an online portal hosted by Lumi AGM. All information related to the demerger and online meeting can be found at alkane.com.au/demerger.