Jervois in African cobalt merger

JERVOIS Mining is getting in on the merger and acquisitions action, this afternoon flagging a friendly merger with TSX Venture Exchange-listed M2 Cobalt Corporation, which will bring East African copper-cobalt spice to the Nico Young nickel-cobalt laterite project in New South Wales.

Jervois in African cobalt merger Jervois in African cobalt merger Jervois in African cobalt merger Jervois in African cobalt merger Jervois in African cobalt merger

Kilembe was a producer for some 20 years.

The pair announced an all-scrip scheme of arrangement merger plan based on a 1:1 basis that values M2 shares at C26.2c each. The stock last traded at 25c, valuing it at $15.7 million.

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