Congratulations to New World Resources Ltd on entering into a A$185m Scheme with Central Asia Metals PLC (CAML). Under the Scheme, New World shareholders will receive cash consideration of A$0.05 per share, representing a significant premium of 95.7% to New World’s 30-day VWAP.

New World owns the high-grade Antler copper deposit, located in Arizona, USA.

CAML is UK incorporated base metals producer, headquartered in London. CAML is listed on the London Stock Exchange, and has a market capitalisation of US380m. It has operations in North Macedonia and Kazakhstan.

Sternship Advisers is pleased to have acted as financial adviser to New World on this transaction. Hamilton Locke acted as legal adviser to New World.