Capricorn Metals Completes Warriedar Takeover with 52.75:1 Share Swap
Warriedar Resources has officially been acquired by Capricorn Metals through a court-approved scheme, with shareholders exchanging their holdings for Capricorn shares and options. The takeover culminates in Warriedar’s imminent delisting from the ASX.
- Completion of Warriedar acquisition by Capricorn Metals
- Shareholders exchanged Warriedar shares for Capricorn shares at a 52.75, 1 ratio
- Warriedar listed options converted to Capricorn options on the same ratio
- Warriedar to be delisted from ASX on 26 November 2025
- Sale facility provided for ineligible foreign and small parcel holders
Acquisition Finalised
Warriedar Resources Limited has officially been absorbed by Capricorn Metals Ltd following a court-sanctioned share and option scheme of arrangement. This marks the conclusion of a strategic acquisition process that was first outlined in Warriedar’s Scheme Booklet earlier this year. The transaction sees Capricorn Metals taking full ownership of Warriedar’s shares and listed options, effectively consolidating the two companies under Capricorn’s banner.
Share Exchange Details
Under the terms of the scheme, Warriedar shareholders received one new Capricorn share for every 52.75 Warriedar shares they held at the record date. Similarly, holders of Warriedar’s listed options were issued Capricorn options on the same exchange ratio. This share-for-share swap reflects the agreed valuation metrics and aims to integrate Warriedar’s assets seamlessly into Capricorn’s portfolio.
Delisting and Sale Facility
Following the acquisition, Warriedar will be removed from the official ASX list, with trading expected to cease at the close of 26 November 2025. For shareholders who are ineligible foreign holders or hold small parcels of shares, a sale facility has been established to ensure they receive their proportionate net proceeds. This mechanism provides an orderly exit for those unable to participate directly in the share exchange.
Strategic Implications
The acquisition strengthens Capricorn Metals’ position in the gold mining sector, adding Warriedar’s assets and exploration projects in Western Australia and Nevada to its portfolio. While the announcement does not detail Capricorn’s post-acquisition operational plans, the consolidation is likely aimed at enhancing resource scale and operational synergies. Investors will be watching closely to see how Capricorn leverages these new assets moving forward.
Looking Ahead
With Warriedar’s shares now fully integrated into Capricorn Metals, the market will soon turn its attention to Capricorn’s strategic direction and financial performance post-acquisition. The delisting of Warriedar marks the end of an era for its shareholders but opens a new chapter under Capricorn’s stewardship.
Bottom Line?
Warriedar’s integration into Capricorn Metals signals a new phase for both companies, with market eyes on Capricorn’s next moves.
Questions in the middle?
- How will Capricorn Metals integrate Warriedar’s assets operationally and financially?
- What impact will the acquisition have on Capricorn’s share price and market capitalization?
- Will Capricorn pursue further acquisitions or exploration initiatives following this consolidation?
