National Court Approves Scheme of Arrangement
Highlands Pacific Limited (ASX/POMSoX: HIG, Highlands) is pleased to announce that the National Court of Papua New Guinea has made orders today approving the scheme of arrangement between Highlands and Highlands shareholders not associated with Cobalt 27 Capital Corp. (Cobalt 27) (Scheme) pursuant to section 250(1) of the Companies Act 1997 (PNG) (Court Orders). The Scheme, if implemented, will result in Cobalt 27 acquiring all the issued share capital of Highlands that it does not already own.
A link to the full announcement is below: