Cygnus Metals Limited – Panel Receives Application
The Panel has received an application from Foboce Pty Ltd and Natalie Obrart in relation to the affairs of Cygnus Metals Limited (Cygnus). Cygnus is currently the subject of a proposed acquisition by Central Asia Metals PLC (CAML) by way of a scheme of arrangement.
Details of the application, as submitted by the applicants, are below.
A sitting Panel has not been appointed at this stage and no decision has been made whether to conduct proceedings. The Panel makes no comment on the merits of the application.