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NLC - Neo Lithium News Story

C$6.44 0.0  0.0%

Last Trade - 6:36pm

Sector
Basic Materials
Size
Mid Cap
Market Cap £533.7m
Enterprise Value £501.4m
Revenue £n/a
Position in Universe 322nd / 2712

BUZZ-China's Zijin Mining jumps after Neo Lithium merger deal

Mon 11th October, 2021 3:23am
** China's Zijin Mining Group Co Ltd  601899.SS  jumps ~7%
to 11 yuan, biggest intraday gain since March 
    ** Gold and copper miner will buy Canada's Neo Lithium Corp
 NLC.V  for C$918.7 mln ($737.14 mln), the firms said on Friday
 urn:newsml:reuters.com:*:nL1N2R500X
    ** The offer represents a premium of over 18% to Neo
Lithium's last close
    ** Neo Lithium is an Argentina-focused lithium company
    ** The CSI300 Index  .CSI300  gains 0.7%, while the Shanghai
Composite Index  .SSEC  adds 0.3%
    ** YTD, Zijin stock up 17.5% 

 (Shanghai Newsroom)
 ((Jason.Xue@thomsonreuters.com))
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