Proactive Investors - Run By Investors For Investors

M2 Cobalt shareholders approve merger with Jervois Mining

The newly formed company will have projects in Australia, East Africa and the US
M2 cobalt
M2 Cobalt has a portfolio of projects in Uganda

M2 Cobalt Corp (CVE:MC) reported Friday that its shareholders have unanimously approved the proposed merger with Australia’s Jervois Mining Limited (ASX:JRV).

The Vancouver-based company announced in April that it plans to merge with Jervois and, subsequently, Idaho cobalt company eCobalt Solutions Inc (TSE:ECS).

The newly formed company will have projects in Australia, East Africa and the US, including eCobalt’s Idaho Cobalt project, which boasts the highest combination of cobalt grade and scale in North America.

READ: M2 Cobalt one step closer to finalizing merger with Jervois Mining

Jervois Mining will acquire all of the issued and outstanding shares of M2 Cobalt in a one-for-one share exchange.

M2 Cobalt also noted that Jervois will complete its previously announced secondary listing on the TSX Venture Exchange around June 21. Shares of Jervois will trade on both the Venture and Australian Stock Exchange, giving the new company access to both capital markets.

Shareholders will also have the ability to trade their Jervois shares on either exchange.

M2 said it expected the merger to become effective around June 19 after a hearing at the Supreme Court of British Columbia.

Contact Angela at [email protected]

Follow her on Twitter @AHarmantas

View full MC profile View Profile

M2 Cobalt Corp Timeline

Big Picture
March 22 2019

Related Articles

xcvvxvcxvcxvxcvcxvcx
May 15 2019
The flagship asset is the Blackbird Creek project, at drill-ready status, just 15 miles southeast of eCobalt's Idaho cobalt project
Cobalt project
March 22 2019
The company says its goal is to discover and develop world-class assets to meet the growing demand for cobalt
cobalt
June 07 2019
Global Energy Metals has in-depth expertise in battery metals, a diverse portfolio of assets and has a compelling future with projects in Australia, Nevada and Ontario

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use