Forrestania Resources Limited (ASX: FRS) announced on 5 November 2026 that its off-market takeover bid for all fully paid ordinary shares in Zenith Minerals Limited (ASX: ZNC) has been declared wholly unconditional. Forrestania Resources is a mineral exploration company primarily focused on identifying and developing resource projects in Western Australia. Zenith Minerals is also an explorer, targeting various mineral deposits.
The company confirmed that the key defeating condition related to minimum acceptance, detailed in section 12.10(a) of its Bidder’s Statement, was fulfilled as previously announced on 22 October 2026. On the same date, Forrestania also announced that it had freed the offer from all other defeating conditions outlined in section 12 of the Bidder’s Statement, pursuant to section 650F of the Corporations Act.
As a result of these developments, Forrestania’s offer for Zenith is now entirely unconditional. As at the date of this notice, Forrestania’s voting power in Zenith Minerals stands at 63.87%. The off-market takeover offer for Zenith shares is scheduled to close at 5:00 PM (WST) on 12 November 2026.
