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Kumarina Resources Ltd Announces Implementation Of Scheme Of Arrangement With Zeta Resources Limited


Friday, 7 Jun 2013 12:21am EDT 

Kumarina Resources Ltd announced that the scheme of arrangement, by which Zeta Resources Limited (Zeta) will acquire all of the issued shares in Kumarina (Scheme), has been implemented. Kumarina’s shares have been suspended from trading on the ASX since May 24, 2013. All trades in Kumarina's shares on ASX up to the close of trading on May 23, 2013 and off-market trades after that time have been registered by Kumarina’s share registry, Security Transfer Registrars Pty Ltd (STR), up until 7.00pm (AWST) on May 31, 2013 (Record Date). Kumarina shareholders on the register on the Record Date (Scheme Participants) have received: one Zeta share for every four Kumarina shares they hold at the Record Date; and one Zeta option for every five Zeta shares so issued, (collectively, Scheme Consideration). All Kumarina shares have been transferred to Zeta and Zeta has been entered in Kumarina's share register as the registered holder of all Kumarina shares. Subject to confirmation from ASX that Zeta has satisfied all conditions to listing, it is expected that Zeta will be admitted to ASX on June 11, 2013 and that Zeta shares and options will commence trading on ASX on a normal settlement basis at 10am (WST) on June 12, 2013. An application to remove Kumarina from the official list of the ASX will be made in due course. 

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2 Dec 2014