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Cygnus Metals Sets Sept. 18 Vote on Central Asia Metals Bid
Cygnus Metals registered the scheme booklet for the proposed takeover by Central Asia Metals. An independent expert called the deal fair. Shareholders vote Sept. 18.
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Cygnus Metals has registered the scheme booklet for its proposed acquisition by Central Asia Metals, setting a shareholder vote for Sept. 18.
Grant Thornton, the independent expert appointed by Cygnus, said the deal is fair and reasonable and in the best interests of shareholders in the absence of a superior proposal. The board unanimously recommends shareholders vote in favour. Each director intends to vote their own shares that way, subject to the same condition.
The scheme booklet, registered with ASIC on Aug. 13, contains full details of the transaction, the independent expert's report, and voting instructions. It is available on SEDAR, the company's website, and the ASX announcements platform.