AIC Mines and Demetallica to merge into new copper and gold mining company

AIC Mines agreed to acquire Demetallica via a share swap, combining AIC's Eloise mine and processing facility with Demetallica's Jericho copper deposit in Queensland, Australia. Demetallica shareholders will own about 21% of the combined company.

“Given the uniqueness of the situation, in terms of the assets so plainly being worth more together than they are individually, we have strong support for the transaction from a large number of our shareholders.”australianmining.com.au

• 1 source
• australianmining.com.auAIC, Demetallica consolidate into new company - Australian MiningRay ChanNov 7, 2022

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