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CNB — Carnaby Resources News Story

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Brief: Carnaby Resources To Be Acquired By Evolution Mining

BRIEF-Carnaby Resources To Be Acquired By Evolution Mining

- Carnaby Resources Ltd CNB.AX:

  • CARNABY RESOURCES TO BE ACQUIRED BY EVOLUTION MINING

  • UNDER PROPOSED SCHEME SHAREHOLDERS TO GET CONSIDERATION OF DIRECTORS 0.0682 EVN SHARES PER CO SHARE

  • APPROXIMATE A$213 MILLION EQUITY VALUE

  • CARNABY SHAREHOLDERS TO RECEIVE CONSIDERATION OF 0.0682 EVOLUTION SHARES WITH AN IMPLIED VALUE OF A$0.772 PER CARNABY SHARE

  • CARNABY BOARD UNANIMOUSLY RECOMMENDS SCHEME

Further company coverage: CNB.AX


((Reuters.Briefs@thomsonreuters.com;))

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