Cygnus Metals Limited: Scheme Transaction Update

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Postmedia has not reviewed the content. by GlobeNewswire Cygnus Metals Limited: Scheme Transaction UpdateAuthor of the article: You can save this article by registering for free here. Or sign-in if you have an account.TORONTO and PERTH, Western Australia, Aug. 04, 2026 (GLOBE NEWSWIRE) — Cygnus Metals Limited (ASX:CY5, TSXV:CYG, OTCQB:CYGGF) (Cygnus or the Company) refers to its proposed scheme of arrangement under which Central Asia Metals PLC (AIM: CAML) (CAML) will acquire 100% of the shares in Cygnus pursuant to a scheme of arrangement under Part 5.1 of the Corporations Act 2001 (Cth) (Corporations Act), (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 AccountLodgement of draft Scheme Booklet with ASICCygnus is pleased to confirm that a draft scheme booklet, containing the draft independent expert’s report, has been lodged with the Australian Securities and Investments Commission (ASIC) for its review. Lodgement of the draft scheme booklet with ASIC is a key milestone towards giving effect to the Scheme.ASIC’s review of the draft scheme booklet will be followed by an initial court hearing, targeted to occur on 13 August 2026 to approve the scheme booklet and make orders convening a meeting of Cygnus shareholders to consider the Scheme. Once approved by the court and registered with ASIC, the scheme booklet will be released publicly, printed and despatched to Cygnus shareholders which is again targeted to occur on or shortly after 13 August 2026. The scheme meeting is expected to take place in mid-September 2026. Accordingly, implementation of the Scheme is anticipated to occur in early October 2026. The dates relating to the Scheme are indicative only and are subject to (among other things) the court approval process. Any changes to these dates will be announced.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 againNorth Macedonian and Kazakhstan merger clearanceThe Company advises that the North Macedonian merger clearance condition precedent to the Scheme has been satisfied. With respect to the Kazakhstan merger clearance condition precedent, Cygnus can advise that CAML has lodged the required documentation and the relevant government department is reviewing under normal processes and timelines.Cygnus Board recommendation Each of the Cygnus directors recommends that Cygnus shareholders vote, and intends to vote any shares they own or control, in favour of the Scheme at the Scheme meeting, each in the absence of a superior proposal and subject to the independent expert concluding and continuing to conclude that the Scheme is in the best interests of Cygnus shareholders.This announcement has been authorised for release by the board of directors of Cygnus Metals Limited.David SouthamExecutive ChairmanT: +61 8 6118 1627E: info@cygnusmetals.comMedia:Paul Armstrong Read Corporate +61 8 9388 1474Cygnus Metals Limited (ASX:CY5, TSXV:CYG, OTCQB:CYGGF) is a diversified critical minerals exploration and development company with projects in Quebec, Canada and Western Australia. The Company is dedicated to advancing its Chibougamau Copper-Gold Project in Quebec with an aggressive exploration program to drive resource growth and develop a hub-and-spoke operation model with its centralised processing facility. In addition, Cygnus has quality lithium assets with significant exploration upside in the world-class James Bay district in Quebec, and REE and base metal projects in Western Australia. The Cygnus team has a proven track record of turning exploration success into production enterprises and creating shareholder value.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. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.