Kin Mining NL (AU:KIN) has released an update.
Kin Mining NL is set to merge with PNX Metals, creating a diversified resource group with a robust balance sheet and no debt, poised for significant growth. The merger will form a company with a combined capitalization of A$123.0 million, offering a premium to PNX shareholders and resulting in a merged group where KIN and PNX shareholders will approximately hold 72% and 28% stakes, respectively. The consolidation aims to leverage a portfolio of gold, silver, base metals, and uranium across WA and NT, with the intent to boost exploration and development.
For further insights into AU:KIN stock, check out TipRanks’ Stock Analysis page.
