.jpg)
1 hour ago
3
Article content
TORONTO and PERTH, Western Australia, Sept. 01, 2026 (GLOBE NEWSWIRE) — Cygnus Metals Limited (ASX: CY5; TSXV: CYG; OTCQB: CYGGF) (“Cygnus” or the “Company”) refers to the proposed transaction 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 ONLY
Subscribe 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 ARTICLES
Subscribe 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 ARTICLES
Create 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 account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
Sign In or Create an Account
or
Article content
Capitalised terms in this announcement that are not otherwise defined have the meanings given to them in the Scheme Booklet dated 13 August 2026.
Article content
Article content
Article content
Release of Cygnus’ HY26 Interim Financial Report and CAML’s H1 2026 Interim Results
Article content
By signing up you consent to receive the above newsletter from Postmedia Network Inc.
Article content
On 1 September 2026, Cygnus released its interim financial report for the half year ended 30 June 2026 (“HY26 Report”) on ASX and also filed it on SEDAR+. A copy of the HY26 Report is available under Cygnus’ profile on the ASX website at www.asx.com.au, on the SEDAR+ website at www.sedarplus.ca or at Cygnus’ website at www.cygnusmetals.com.
Article content
As announced on 27 August 2026, the unaudited interim results for the six months ended 30 June 2026 of CAML, together with the associated management’s discussion and analysis, have been released (together with the HY Report, the “Updated Financial Results”) and made publicly available under Cygnus’ corporate profile on SEDAR+ at www.sedarplus.ca.
Article content
No change to Independent Expert’s previously stated opinion
Article content
As noted in sections 4.6(e) and 5.12(g) of the Scheme Booklet, following release of the Updated Financial Results, the Cygnus Board has sought confirmation from Grant Thornton Corporate Finance Pty Ltd, the independent expert in relation to the Scheme (“Independent Expert”), as to whether the results change the Independent Expert’s opinion that the Scheme is fair and reasonable and hence in the best interests of Cygnus Shareholders in the absence of a superior alternative proposal emerging.
Article content
Article content
The Independent Expert has reviewed the Updated Financial Results and has confirmed that they do not change the Independent Expert’s previously stated opinion as set out above. The Independent Expert’s opinion should be considered in the context of the full Independent Expert’s Report (which is included as Annexure A of the Scheme Booklet) and the Scheme Booklet.
Article content
Cygnus Shareholders are encouraged to read the Updated Financial Results before deciding how to vote on the Scheme at the Scheme Meeting.
Article content
Recommendation of the Cygnus Directors
Article content
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 continuing to conclude that the Scheme is in the best interests of Cygnus shareholders.
Article content
This announcement has been authorised for release by the Board of Cygnus Metals Limited.
Article content
English (US)