Announcement • Sep 04
Patronus Resources Limited (ASX:PTN) completed the acquisition of PNX Metals Limited (ASX:PNX) from DELPHI Unternehmensberatung Aktiengesellschaft and others. Kin Mining NL (ASX:KIN) entered into Scheme of Arrangement to acquire PNX Metals Limited (ASX:PNX) from DELPHI Unternehmensberatung Aktiengesellschaft and others for AUD 35.9 million on April 15, 2024. Under the terms of agreement, KIN will acquire 5,495,624,719 shares of PNX providing 1 KIN share for every 13 PNX shares. Subject to the terms and conditions the PNX Performance Rights will be cancelled and in exchange, KIN will cause each holder of 85.8 million PNX Performance Rights to receive cash consideration for each PNX Performance Right held by that holder of PNX Performance Rights. Upon implementation of the Scheme, KIN and PNX shareholders will hold approximately 72% and 28% of the Merged Group respectively. The transaction is subject to Independent Expert’s Report, approval of Australian Foreign Investment Review Board, approval of PNX and KIN shareholders, Court approval, all PNX performance rights having lapsed, been exercised, or cancelled and various regulatory approvals required to implement the Scheme. The transaction is expected to close in late August 2024.
Taylor Collison Limited acted as financial advisor and Piper Alderman acted as legal advisor to PNX Metals Limited. Hamilton Locke Pty Ltd acted as legal advisor to Kin Mining. Computershare Investor Services Pty Limited acted as registrar to PNX Metals.
Patronus Resources Limited (ASX:PTN) completed the acquisition of PNX Metals Limited (ASX:PNX) from DELPHI Unternehmensberatung Aktiengesellschaft and others on September 2, 2024. Announcement • Apr 17
Kin Mining NL (ASX:KIN) entered into Scheme of Arrangement to acquire PNX Metals Limited (ASX:PNX) from DELPHI Unternehmensberatung Aktiengesellschaft and others for AUD 35.9 million. Kin Mining NL (ASX:KIN) entered into Scheme of Arrangement to acquire PNX Metals Limited (ASX:PNX) from DELPHI Unternehmensberatung Aktiengesellschaft and others for AUD 35.9 million on April 15, 2024. Under the terms of agreement, KIN will acquire 5,495,624,719 shares of PNX providing 1 KIN share for every 13 PNX shares. Subject to the terms and conditions the PNX Performance Rights will be cancelled and in exchange, KIN will cause each holder of 85.8 million PNX Performance Rights to receive cash consideration for each PNX Performance Right held by that holder of PNX Performance Rights. Upon implementation of the Scheme, KIN and PNX shareholders will hold approximately 72% and 28% of the Merged Group respectively. The transaction is subject to Independent Expert’s Report, approval of Australian Foreign Investment Review Board, approval of PNX and KIN shareholders, Court approval, all PNX performance rights having lapsed, been exercised, or cancelled and various regulatory approvals required to implement the Scheme. The transaction is expected to close in late August 2024.
Taylor Collison Limited acted as financial advisor and Piper Alderman acted as legal advisor to PNX Metals Limited. Hamilton Locke Pty Ltd acted as legal advisor to Kin Mining. Computershare Investor Services Pty Limited acted as registrar to PNX Metals. 
