Cygnus Metals' Central Asia Metals Deal Court Hearing Adjourned

MT Newswires Live

Sep 24

Cygnus Metals (ASX:CY5) said the Supreme Court of Western Australia has adjourned the second court hearing for its proposed acquisition by Central Asia Metals to Oct. 14 from Sept. 23, with regulatory approval in Kazakhstan still outstanding, according to an Australian bourse filing on Wednesday after market hours.

Central Asia Metals remains confident that the required approval will be obtained and has informed the company that it expects the approval to be granted by Oct. 12, per the filing.

The revised timetable sets Oct. 15 as the scheme's effective date, Oct. 19 as the record date, and Oct. 27 as the implementation date, the filing added.

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