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Carnaby Resources Limited (ASX:CNB)

ALERT: Price-sensitive ASX Announcement for CNB
Current share price for CNB : $0.890 0.41 (85.42%)+
Announcement
Release
27 Jul 2026 8:49AM
Price at Release
$0.480
Full Release
download
Summary
Carnaby Resources Limited has announced a binding Scheme Implementation Deed with Evolution Mining Limited, wherein Evolution will acquire 100% of the issued shares in Carnaby through a scheme of arrangement. Carnaby shareholders are to receive 0.0682 Evolution shares per Carnaby share, representing an implied value of A$0.772 per share. This transaction values Carnaby at approximately A$213 million on a fully diluted basis, offering substantial premiums over recent share prices. The board of Carnaby deems the transaction in the best interests of its shareholders.
Key Points
  • Carnaby Resources enters Scheme Implementation Deed with Evolution Mining.
  • Carnaby shareholders to receive 0.0682 Evolution shares per Carnaby share.
  • Implied value of A$0.772 per Carnaby share.
  • Transaction valued at approximately A$213 million.
  • Significant premium over recent Carnaby share prices.
  • Board considers transaction beneficial for shareholders.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.