Tawana Resources and Alliance Mineral Assets plan merger

Tawana Resources and Alliance Mineral Assets, partners in the Bald Hill lithium mine joint venture, announced plans to merge, consolidating ownership of the operation. The merger is subject to approvals.

“The merger, still subject to approvals, is being executed through a scheme of arrangement where shareholders of both companies will hold around 50 per cent of the combined entity each.”australianmining.com.au

• 1 source
• australianmining.com.auLithium anticipation rises to another level - Australian MiningBen CreaghMay 23, 2018

Summarized from public sources; check the original articles before acting on it.