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Inca Minerals Limited (ASX: ICG) has announced the closure of its off-market takeover offer for Stunalara Metals Limited, which officially ends at 5:00 PM (AWST) on April 4, 2025. As of April 3, 2025, Inca had secured acceptances for 94.13% of Stunalara’s fully paid ordinary shares. With this significant majority, Inca has triggered the compulsory acquisition provisions under the Corporations Act 2001, enabling it to acquire the remaining shares not yet tendered. The company plans to move forward with this process and will release a follow-up statement detailing the final shareholding outcome and formalities related to the compulsory acquisition. Shareholders with questions about the offer have been encouraged to contact Automic or seek professional advice. This acquisition marks a strategic milestone for Inca, reinforcing its expansion objectives and consolidating its position in the Australian mining sector. Inca Minerals Board has approved the announcement.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.