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Cygnus Metals Limited (ASX:CY5)

ALERT: Price-sensitive ASX Announcement for CY5
Current share price for CY5 : $0.155 0 (0%)+
Announcement
Release
13 Aug 2026 5:39PM
Price at Release
$0.155
Full Release
download
Summary
The Scheme Booklet outlines the merger between Winsome Resources Limited and Li-FT Power Ltd. The merger involves acquiring exploration rights in the Galinée Property, which will be a joint venture with Azimut Exploration Inc. and SOQUEM Inc. The document details the concurrent equity raise by Li-FT and their plans for listing on the ASX and TSX V. The booklet provides information on the scheme of arrangement for Winsome shareholders to exchange their shares for Li-FT securities, alongside the financial implications and shareholder meetings required for the merger approval.
Key Points
  • Scheme Booklet explains merger between Winsome and Li-FT.
  • Galinée Property acquisition is key feature of merger.
  • Li-FT conducts concurrent equity raise of C$48.17 million.
  • Plan for ASX and TSX V listings for Li-FT.
  • Details on shareholder meetings for merger approval.
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.