IN BRIEF: Central Asia Metals completes Cygnus Metals acquisition

Central Asia Metals PLC - Kazakhstan and North Macedonia-focused mining company - Completes acquisition of Cygnus Metals Ltd as a wholly owned subsidiary. The transaction valued Cygnus at approximately AUD232 million, around USD163 million. Under the all-share deal announced in June, Cygnus shareholders are entitled to receive 0.06 new Central Asia Metals shares for each share held. Following the acquisition, Cygnus Metals, the Canadian copper-gold developer, will commence trading on the Toronto Stock Exchange under the ticker CAML on Tuesday. The acquisition adds Cygnus's Chibougamau copper-gold project in Quebec, Canada, to Central Asia Metals' producing operations.

Current stock price: 140.40 pence, up 1.7% in London

12-month change: down 8.6%

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