Mining shell Ausroc Metals has received shareholder support for a reverse takeover of unlisted public company Woomera Exploration, which has a portfolio of projects prospective for lithium, cobalt and nickel.
Shareholders this week approved the acquisition as part of a recapitalisation proposal aimed at pulling the company out of liquidation.
In its past life, Ausroc Metals (ASX:ARK) which also previously went by the name of AusAmerican Mining was an ASX-listed explorer looking for base and precious metals in Africa and the US.
Liquidators were appointed to the company in August 2016. Ausroc has been suspended from the ASX for three years.
The company has now reached an agreement with its creditors and is working to complet…
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