Echo Resources (ASX:EAR) removed from ASX

Company News

by Katrina Bullock

Gold explorer, Echo Resources (ASX:EAR) was removed from the official list of ASX Limited at close of trading yesterday.

This comes as Northern Star Resources (ASX:NST) continues to move on its compulsory acquisition of the company.

As at 1 November, Northern Star Resources owned more than 90 per cent of the shares in Echo and had acquired more than 75 per cent of the shares it offered to acquire under its takeover bid.

Echo’s Securities were suspended from the ASX on 8 November 2019 in accordance with Listing Rule 17.4.

 

Katrina Bullock

Finance News Network
Katrina is a respected TV journalist, as well as a renowned presenter and award winning lawyer. She holds a Bachelor of Laws (Honours 1st class, division 1), a Bachelor of Business (with Distinction) and is currently undertaking a PhD in Law focused on stock exchange disclosures and corporate governance. She began her career as a corporate lawyer in an Australian top tier commercial law firm and is currently the General Counsel of Greenpeace Australia Pacific. In 2020 Katrina was named one of the 30 best lawyers in Australia under 30 by Lawyer's Weekly.