Proposed acquisition of Cygnus Metals Limited by Central Asia Metals PLC for A$232 million

Contributing sentiments towards policy:

57% : Before making an investment decision, prospective investors should consider the appropriateness of the information contained in, or referred to in, this joint announcement having regard to their own investment objectives, financial situation and needs and seek legal and taxation advice appropriate to their jurisdiction.
51% : NO INVESTMENT ADVICE This document has been prepared without taking into account the investment objectives, financial situation, taxation considerations or particular needs of any person.
51% : Investors are cautioned not to assume that all or any part of an inferred mineral resource exists, or is economically or legally mineable. TSX VENTURE EXCHANGE Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this announcement.
50% : For the Scheme to proceed, it must be approved by at least 75% of all votes cast by Cygnus shareholders and a majority of Cygnus shareholders present and voting (in person or by proxy) at the Scheme Meeting, and the Scheme will also require approval by a simple majority of the votes cast by Cygnus shareholders, excluding the votes of certain related parties as prescribed by Canadian securities regulation Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions, at the Scheme Meeting.
47% : Call Option Deed CAML has also entered into a call option deed ('Call Option Deed') with Ocean Partners Holdings Limited and Ocean Partners UK Limited (together, 'Ocean Partners') in respect of their relevant interests in an aggregate 120,906,526 Cygnus Shares representing, in aggregate, 9.9% of Cygnus Shares on issue ('Call Option').
46% : Such factors may include, among other things, risks relating to funding requirements, commodity prices, exploration, development and operating risks (including unexpected capital or operating cost increases), production risks, competition and market risks, regulatory restrictions (including environmental regulations and associated liability, changes in regulatory restrictions or regulatory policy and potential title disputes) and risks associated with general economic conditions.
40% : AS IT FORMS PART OF UNITED KINGDOM DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED BY VIRTUE OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019 ('UK MAR').
27% : THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU) NO. 596/2014

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