Merger of Alliance Mineral, Tawana proposed to create mid-tier lithium play
When the merger is completed by Q4 of 2018, Alliance will acquire all of Tawana's issued share capital at 1.10 Alliance share for each Tawana share
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Singapore
CATALIST-LISTED Alliance Mineral Assets Limited and Australia-listed Tawana Resources NL have agreed to "a merger of equals" that will create a mid-tier lithium producer with pro-forma market capitalisation of A$446 million (S$450.4 million).
Both companies have entered into a definitive scheme implementation agreement for the planned merger that is being pursued via a scheme of arrangement under the Australian Corporations Act 2001.
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