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Jervois Mining Announce eCobalt Merger Update

Mining News - Published on Thu, 04 Jul 2019

Image Source: Jervois Mining
Jervois Mining Limited announced an update regarding its merger with eCobalt Solutions Inc, as well as address First Cobalt Corp’s press release dated 26 June 2019, containing FCC’s self-serving and misleading opposition to the Merger. Jervois and eCobalt entered into an arrangement agreement pursuant to which the companies proposed to combine on the basis of an at-market merger. The eCobalt Merger will be completed by way of a Plan of Arrangement under the Business Corporations Act and requires the approval of both Jervois and eCobalt shareholders. Jervois has called a meeting of its shareholders to vote on the eCobalt Merger, which will be held on 18 July 2019 at 1100 on Level 18, 101 Collins Street, Melbourne, Victoria, Australia. eCobalt shareholders will vote on the Merger at a meeting on 19 July 2019 at 1000 in Vancouver, Canada.

Prior to announcing the eCobalt Merger, the Arrangement Agreement was unanimously approved by the Board of Directors of both Jervois and eCobalt.

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Posted By : Sanju Moirangthem on Thu, 04 Jul 2019
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