April 15 (Reuters) - PNX Metals Ltd (PNX) : KIN MINING AND PNX...

April 15 (Reuters) - PNX Metals Ltd (PNX) :

• KIN MINING AND PNX METALS MERGER
• MERGED GROUP, CAPITALISED AT A$123.0M
• MERGER WILL CREATE A DIVERSIFIED PORTFOLIO OF QUALITY MINERAL ASSETS IN TIER-1 JURISDICTIONS ACROSS AUSTRALIA
• UPON IMPLEMENTATION OF SCHEME, KIN AND PNX SHAREHOLDERS WILL HOLD 72% AND 28% OF MERGED GROUP RESPECTIVELY
• INDEPENDENT PNX DIRECTORS UNANIMOUSLY RECOMMEND SCHEME
• CO SHAREHOLDERS WILL RECEIVE 1 FULLY PAID ORDINARY SHARE IN KIN FOR EVERY 13 FULLY PAID ORDINARY CO SHARES

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