Announced
Financials
Tags
Public
General Mining
Merger
Pending
cobalt
mining
Friendly
Acquisition
Canada
Single Bidder
Synopsis
eCobalt Solutions, an advanced-stage development company with its flagship asset being the Idaho Cobalt Project, and Jervois Mining, Australian cobalt developer, agreed to combine. Jervois will acquire all of the issued and outstanding common shares of eCobalt that Jervois does not already own (currently c. 4.5% shares). Each common share of eCobalt will be exchanged for 1.65 common shares of Jervois. This represents an implied offer price of C$0.36 ($0.27) per eCobalt share based on the closing price of Jervois' common shares on the ASX on March 29, 2019.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.