Kin Mining NL (AU:PTN) has released an update.
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PNX Metals Limited has been officially acquired by Patronus Resources Limited, following the approval of a scheme of arrangement by the Supreme Court of Western Australia. Trading of PNX shares on the ASX will be suspended, with shareholders set to receive new shares of Patronus Resources Limited on a specified exchange basis by mid-September. The finalization of the acquisition will also see PNX delisted from the ASX shortly after the issuance of new shares.
For further insights into AU:PTN stock, check out TipRanks’ Stock Analysis page.