Northern Star Resources Limited has completed its acquisition of De Grey Mining Ltd through a Court-approved Scheme of Arrangement. Under this arrangement, all De Grey shares have been transferred to Northern Star Resources Limited, with eligible shareholders receiving 0.119 new Northern Star Resources Limited shares for each De Grey share held as of the scheme record date at 5:00 pm AWST on 28 April 2025. The newly issued shares are slated to begin trading on 6 May 2025 on a normal settlement basis. In addition, the company has issued new shares to a designated Sale Nominee to cover those otherwise payable to ineligible shareholders or to be withheld for applicable Foreign Resident CGT Shareholders. The Sale Nominee will handle the sale of these new shares, and the net proceeds from that sale will be distributed to the respective shareholders in accordance with the prescribed process outlined in the De Grey Scheme Booklet. As part of the process, De Grey Mining Ltd has applied for its removal from the ASX official list, with its delisting scheduled to take effect at the close of trading on 6 May 2025. Northern Star Resources Limited’s Managing Director and CEO, Stuart Tonkin, welcomed the integration of the De Grey team and highlighted the strategic value of the acquisition. The addition of the Hemi project, envisioned as a low-cost, long-life, and large-scale gold mine in Western Australia, is expected to enhance the company’s asset portfolio and boost its ability to generate cash earnings. The statement also emphasized building strong relationships with local Traditional Owners, including the Kariyarra people, and other stakeholders in the Hemi project area. For beginner traders, this development carries both bullish and bearish implications. On the bullish side, the acquisition is expected to strengthen the company’s portfolio and operational efficiency, potentially driving long-term shareholder value and improved cash earnings. However, market participants might also remain cautious due to possible short-term integration challenges and uncertainties surrounding the delisting process, which could lead to temporary market volatility.