Brief: Paget Minerals Signs Amalgamation Deal With Ascent Industries

Herbal Dispatch

05/07/2018 14:38

July 5 (Reuters) - Paget Minerals Corp  PGSh.V :
    * PAGET MINERALS CORP. ENTERS INTO AMALGAMATION AGREEMENT
WITH
ASCENT INDUSTRIES CORP.
    * PAGET MINERALS CORP - PAGET AND ASCENT WILL AMALGAMATE TO
FORM A
NEW COMPANY WHICH WILL OPERATE UNDER NAME "ASCENT INDUSTRIES
CORP
    * PAGET MINERALS -  PRIOR TO COMPLETION, PAGET WILL
CONSOLIDATE
SHARES ON BASIS OF 1 POST-CONSOLIDATION PAGET SHARE FOR EVERY 6
PRE-CONSOLIDATION SHARES
    * PAGET MINERALS -  HOLDERS OF PAGET SHARES ARE EXPECTED TO
OWN
APPROXIMATELY 2.7% OF RESULTING ISSUER SHARES
    * PAGET MINERALS -CO'S SHAREHOLDERS TO OWN ABOUT 2.7% OF
RESULTING
ISSUER SHARES, ASCENT SHAREHOLDERS TO OWN ABOUT 97.3% OF
RESULTING ISSUER SHARES

Source text for Eikon:  ID:nGNXbVwc9n 
Further company coverage:  PGSh.V 

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