Cygnus Metals Scheme Becomes Effective
Key points
- Scheme of arrangement approved by court
- Trading suspension on TSXV and ASX
- Election forms deadline is October 15
- Record date set for October 19
- Implementation date set for October 27
Full summary
Cygnus Metals Limited (ASX: CY5; TSXV: CYG; OTCQB: CYGGF) announced that its scheme of arrangement has been approved by the Supreme Court of Western Australia. The scheme, which involves Central Asia Metals PLC acquiring 100% of Cygnus, is now effective. Trading of Cygnus shares has been suspended on TSXV and will be suspended on ASX. The election forms deadline is October 15, the record date is October 19, and implementation is scheduled for October 27. New CAML shares will be admitted to trading on AIM on October 27. All dates are subject to change and will be communicated via ASX.
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