Brief: Kin Mining And PNX Metals Merger

PNX Metals

15/04/2024 24:59

April 15 (Reuters) - PNX Metals Ltd  PNX.AX :
    * KIN MINING AND PNX METALS MERGER
    * MERGED GROUP, CAPITALISED AT A$123.0M
    * MERGER WILL CREATE A DIVERSIFIED PORTFOLIO OF QUALITY
MINERAL
ASSETS IN TIER-1 JURISDICTIONS ACROSS AUSTRALIA
    * UPON IMPLEMENTATION OF SCHEME, KIN AND PNX SHAREHOLDERS
WILL
HOLD 72% AND 28% OF MERGED GROUP RESPECTIVELY
    * INDEPENDENT PNX DIRECTORS UNANIMOUSLY RECOMMEND SCHEME
    * CO SHAREHOLDERS WILL RECEIVE 1 FULLY PAID ORDINARY SHARE
IN KIN
FOR EVERY 13 FULLY PAID ORDINARY CO SHARES

Further company coverage:  PNX.AX 

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