IN BRIEF: Central Asia Metals EGM approves new shares for Cygnus deal
Central Asia Metals PLC - copper, zinc and lead producer and explorer with operations in Kazakhstan and North Macedonia - Announces that at its extraordinary general meeting on Friday, shareholders passed the resolution to authorise the allotment of new shares for the proposed acquisition of Cygnus Metals Ltd. Adds that it has engaged Australian financial advisory firm Bell Potter to assist Cygnus shareholders to execute trades on the London Stock Exchange's AIM market, once the acquisition is complete. Central Asia Metals announced the proposed AUD232 million, or around USD165.8 million, takeover of Perth, Australia-based miner Cygnus in June. Cygnus shareholders are entitled to receive 0.06 new Central Asia Metals shares for each Cygnus share. Central Asia Metals shareholders are expected to own around 70% of the enlarged company. Read More