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CNB — Carnaby Resources News Story

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Brief: Evolution Mining Acquires QIC's 13.7% Stake In Carnaby Resources

BRIEF-Evolution Mining Acquires QIC's 13.7% Stake In Carnaby Resources

- Evolution Mining Limited EVN.AX:

  • EVOLUTION ACQUIRES QIC'S 13.7% STAKE IN CARNABY RESOURCES

  • ACQUIRES QIC'S 13.7% STAKE IN CARNABY RESOURCES

  • CARNABY SHAREHOLDERS TO RECEIVE 0.0682 NEW EVOLUTION SHARES PER CARNABY SHARE

  • ISSUES 2.6 MILLION NEW SHARES TO QCMF FOR 37.9 MILLION CARNABY SHARES

  • NOW LARGEST SHAREHOLDER IN CARNABY WITH 13.7% STAKE

  • CARNABY BOARD UNANIMOUSLY RECOMMENDS SCHEME; DIRECTORS REPRESENTING 7.3% TO VOTE IN FAVOUR

Further company coverage: EVN.AX


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

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