Cygnus Metals Limited: Court approves the Scheme

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Postmedia has not reviewed the content. by GlobeNewswire Cygnus Metals Limited: Court approves the SchemeAuthor of the article:TORONTO and PERTH, Western Australia, Oct. 14, 2026 (GLOBE NEWSWIRE) — Cygnus Metals Limited (ASX: CY5; TSXV: CYG; OTCQB: CYGGF) (Cygnus or the Company) is pleased to announce that the Supreme Court of Western Australia (Court) has today made orders approving the scheme of arrangement under Part 5.1 of the Corporations Act 2001 (Cth) pursuant to which Central Asia Metals PLC (AIM: CAML) (CAML) will acquire 100% of the shares in Cygnus (Scheme).THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountCapitalised terms in this announcement that are not otherwise defined have the meanings given to them in the Scheme Booklet released to the ASX on 13 August 2026.This advertisement has not loaded yet, but your article continues below.Cygnus intends to lodge an office copy of the Court’s orders with the Australian Securities and Investments Commission on Thursday, 15 October 2026, at which time the Scheme will become Effective. Cygnus expects that ASX and TSXV will suspend Cygnus Shares from trading with effect from the close of trading on Thursday, 15 October 2026.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againSubject to the Scheme becoming Effective, on the Implementation Date (Tuesday, 27 October 2026), Scheme Shareholders (other than Sale Facility Participants) will receive the Scheme Consideration to which they are entitled.The remaining key dates expected for the Scheme are set out below.Event Date and time (2026)Lodgement of Court orders with ASICEffective DateThursday, 15 OctoberElection forms deadline5.00pm (AWST) / 5.00am (EDT), Thursday, 15 OctoberRecord Date5:00pm (AWST) on Monday, 19 OctoberImplementation DateTuesday, 27 OctoberNew CAML Shares to commence trading on AIMTuesday, 27 OctoberAll dates are indicative only. Any changes to the above timetable will be announced to ASX and will be available under Cygnus’ profile on ASX at https://www.asx.com.au/.This advertisement has not loaded yet, but your article continues below.This announcement is authorised for release by the Executive Chair of Cygnus Metals Limited.CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTSCertain statements contained in this announcement may constitute “forward-looking information” within the meaning of applicable securities laws. Examples of forward-looking statements in this announcement include, among others, statements regarding the completion of the Scheme and the remaining related steps therefor, including timing thereof. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or timing to differ materially from those anticipated or implied by such forward-looking information. Information about the risks and assumptions affecting the forward-looking information herein can be found in the “Risk Factors” section in the Scheme Booklet dated 13 August 2026, a copy of which is available under Cygnus’ profile on SEDAR+ at www.sedarplus.ca. All of the forward-looking information in this announcement is qualified by these cautionary statements. Cygnus assumes no obligation to publicly update or revise such information, except as may be required by applicable law and the rules of the ASX and the TSX Venture Exchange.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. 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