VANCOUVER, British Columbia, March 25, 2024 (GLOBE NEWSWIRE) — ATHA Energy Corp. (TSXV: SASK) (FRA: X5U) (OTCQB: SASKF) (“ATHA”) is pleased to announce that shareholders (“92 Energy Shareholders”) of 92 Energy Limited (ASX: 92E) (“92 Energy”) have voted in favour of the previously announced Australian scheme (the “Scheme”) involving ATHA and 92 Energy at 92 Energy’s meeting of 92 Energy Shareholders.
In accordance with Listing Rule 3.13.2 of the Australia Securities Exchange (the “ASX”) and section 251AA of the Corporations Act 2001 (Cth), 92 Energy advises that the resolution to approve the Scheme as set out in the notice of meeting included as Annexure D of the scheme booklet released on the ASX on 21 February 2024 was passed by the requisite majorities of 92 Energy Shareholders.
In summary:
- 99.65% of the votes cast by 92 Energy Shareholders were in favour of the Scheme; and
- 94.62% of 92 Energy Shareholders present and voting (in person or by proxy, attorney or corporate representative) voted in favour of the Scheme.
Although 92 Energy Shareholder approval has been obtained, the Scheme remains subject to a number of customary conditions detailed in the amended and restated scheme implementation deed dated January 25, 2024, between ATHA and 92 Energy, including, without limitation, final approval of the Federal Court of Australia, final approval of the TSX Venture Exchange (the “TSXV”), and other customary closing conditions.
Subject to these remaining conditions being satisfied or waived (where applicable), implementation of the Scheme is expected to occur on or about Thursday, 11 April 2024 (Australia Time).
