Jervois Mining to merge with M2 Cobalt in all-share deal

Jervois Mining announced a friendly merger with TSXV-listed M2 Cobalt, where each M2 Cobalt share will be exchanged for one Jervois share. The deal gives Jervois a foothold in Uganda through the Kilembe copper-cobalt mine. Jervois also provided a US$3 million convertible bridge loan to M2 Cobalt.

“Jervois said the planned merger would give the company a 'transformational' foothold in Uganda through the historical Kilembe mine.”smallcaps.com.au

• 1 source
• smallcaps.com.auJervois Mining eyes Uganda move after announcing merger plans with M2 CobaltLauren BarrettJul 16, 2019

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