Cygnus Metals Shareholders Vote in Favour of Central Asia Metals Scheme of Arrangement, Shares Up 3%
MT Newswires Live
Sep 21
Cygnus Metals (ASX:CY5) said scheme shareholders have voted in favor of the scheme of arrangement under which Central Asia Metals will acquire 100% of the shares in Cygnus, according to a Monday statement.
The company said it will apply to the Supreme Court of Western Australia for approval of the scheme at a hearing scheduled for Sept. 23, with a copy of the court orders to be lodged with ASIC the following day, when the scheme would become effective.
Cygnus said it expects to be suspended from trading on the ASX from the close of trading on Sept. 24 and on the TSX Venture Exchange from the close of trading on Sept. 23, with the scheme to be implemented on Oct. 5.
The company's shares rose 3% in recent Monday trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.