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DGAP-News: Jervois Mining Announces eCobalt Shareholder Approval of Merger



22.07.2019 (www.4investors.de - in Kooperation mit DGAP - EQS Group):


DGAP-News: Jervois Mining Limited / Key word(s): Miscellaneous

Jervois Mining Announces eCobalt Shareholder Approval of Merger
22.07.2019 / 14:32


The issuer is solely responsible for the content of this announcement.

HIGHLIGHTSeCobalt Solutions shareholders approved its merger with Jervois Mining via special resolution passed on Friday 19 July 2019, with 72.54% of the votes cast at the meeting Jervois Mining shareholders also approved the merger and Jervois' previously announced $16.5 million capital raising at its general meeting held on 18 July 2019Jervois and eCobalt will proceed to close their merger, with Jervois acquiring all issued and outstanding common shares of eCobalt in exchange for 1.65 ordinary share of JervoisClosing remains subject to court approval as well as other customary closing conditions. The closing is expected to become effective on or about Wednesday 24 July 2019 in North AmericaMelbourne, Australia--(Newsfile Corp. - July 22, 2019) -  Jervois Mining Limited (TSXV: JRV) ("Jervois") is pleased to announce that on Friday 19 July 2019, eCobalt Solutions Inc. (TSX: ECS) ("eCobalt") shareholders approved its merger with Jervois. The merger is being implemented by a British Columbia plan of arrangement. Jervois' merger with eCobalt and merger with M2 Cobalt Corporation, closed in June 2019, will build a global cobalt industry leader, with significant exposure to nickel. The mergers provide the enlarged group an enhanced Australian, East Africa and US project pipeline that includes the Idaho Cobalt Project. eCobalt's release on the vote is located at https://www.ecobalt.com/news/news-releases/ecobalt-shareholders-approve-plan-of-arrangement-w-20190719 For further information, please contact:Investors and analysts: Bryce CrockerChief Executive Officer   Jervois Mining bcrocker@jervoismining.com.au  Office: +61 3 9583 0498Media:Nathan RyanNWR Communicationsnathan.ryan@nwrcommunications.com.auMob: +61 420 582 887 To view the source version of this press release, please visit https://www.newsfilecorp.com/release/46409


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22.07.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language:
English
Company:
Jervois Mining Limited






Canada
ISIN:
AU000000JRV4
EQS News ID:
844723

 
End of News
DGAP News Service




844723  22.07.2019 





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