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BRIEF-Paget Minerals Signs Amalgamation Deal With Ascent Industries

Published 2018-07-05, 09:38 a/m
© Reuters.  BRIEF-Paget Minerals Signs Amalgamation Deal With Ascent Industries
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July 5 (Reuters) - Paget Minerals Corp PGSh.V :

* PAGET MINERALS CORP. ENTERS INTO AMALGAMATION AGREEMENT WITH ASCENT INDUSTRIES CORP.

* PAGET MINERALS CORP - PAGET AND ASCENT WILL AMALGAMATE TO FORM A NEW COMPANY WHICH WILL OPERATE UNDER NAME "ASCENT INDUSTRIES CORP

* PAGET MINERALS - PRIOR TO COMPLETION, PAGET WILL CONSOLIDATE SHARES ON BASIS OF 1 POST-CONSOLIDATION PAGET SHARE FOR EVERY 6 PRE-CONSOLIDATION SHARES

* PAGET MINERALS - HOLDERS OF PAGET SHARES ARE EXPECTED TO OWN APPROXIMATELY 2.7% OF RESULTING ISSUER SHARES

* PAGET MINERALS -CO'S SHAREHOLDERS TO OWN ABOUT 2.7% OF RESULTING ISSUER SHARES, ASCENT SHAREHOLDERS TO OWN ABOUT 97.3% OF RESULTING ISSUER SHARES

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