88.6% Approve Warriedar’s Scheme of Arrangement with Capricorn Metals
Warriedar Resources shareholders have overwhelmingly approved a scheme of arrangement for acquisition by Capricorn Metals, clearing a key hurdle ahead of final court approval and delisting.
- Shareholders approve Warriedar-Capricorn Metals acquisition scheme
- Share Scheme passes with 88.62% votes in favour
- Option Scheme approved by 89.89% of optionholders
- Final court approval hearing set for 13 November 2025
- Warriedar shares to be suspended and delisted by 26 November 2025
Shareholder Approval Secured
Warriedar Resources Limited (ASX – WA8) has taken a significant step towards its acquisition by Capricorn Metals Ltd (ASX – CMM) following the successful approval of its proposed scheme of arrangement by shareholders. At meetings held on 6 November 2025, Warriedar's Share Scheme and Option Scheme resolutions were passed with strong majorities, reflecting broad investor support for the transaction.
The Share Scheme resolution garnered 88.62% of votes cast in favour, while the Option Scheme resolution received 89.89% approval from optionholders. These results surpass the required thresholds under the Corporations Act 2001, positioning the deal well for the next phase.
Next Steps – Court Approval and Implementation
With shareholder endorsement secured, Warriedar will now seek final approval from the Supreme Court of Western Australia at a hearing scheduled for 13 November 2025. Subject to the court's consent, the scheme is expected to become effective on 14 November 2025.
Following effectiveness, Warriedar shares will be suspended from trading on the ASX at the close of 14 November, with the formal implementation of the scheme slated for 25 November 2025. This includes the issue of Capricorn Metals shares and options to Warriedar security holders as consideration.
Delisting and Market Impact
As part of the transaction, Warriedar will be delisted from the ASX on 26 November 2025, marking the end of its independent public listing. Capricorn Metals will absorb Warriedar’s assets and operations, consolidating its position in the Western Australian gold exploration and mining sector.
The acquisition is expected to enhance Capricorn’s resource base and operational scale, while providing Warriedar shareholders with exposure to Capricorn’s broader portfolio. Market participants will be watching closely for any updates on the court hearing and subsequent trading suspension.
Context and Leadership
The transaction has been overseen by Warriedar’s management team, including Managing Director and CEO Amanda Buckingham, alongside Non-Executive Directors and senior executives. Capricorn Metals’ leadership will take the helm post-acquisition, integrating Warriedar’s assets into their strategic framework.
This deal reflects ongoing consolidation trends within the Australian gold sector, where mid-tier players seek to build scale through mergers and acquisitions amid evolving market conditions.
Bottom Line?
With shareholder approval secured, all eyes now turn to the court’s final verdict and the imminent delisting of Warriedar.
Questions in the middle?
- Will the Supreme Court grant final approval without conditions?
- How will Capricorn Metals integrate Warriedar’s assets post-acquisition?
- What impact will the delisting have on Warriedar’s existing shareholders?
