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Washington H. Soul Pattinson and Co. Notes Verdant Minerals and CD Capital Enter Into Scheme Implementation Agreement

11 Mar 2019  |  10:45:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: VRM: Verdant Scheme Implementation Agreement

Washington H. Soul Pattinson and Co. noted that Verdant Minerals announced that it has entered into a scheme implementation agreement (SIA) relating to the acquisition by CD Capital Natural Resources Fund III LP (CD Capital), of all of the issued shares in VRM, other than any shares held by the Company (WHSP) or in which it has a relevant interest, by scheme of arrangement under the Corporations Act 2001 (Cth) (Scheme). VRM shareholders (other than Company) will receive $0.032 per VRM share held as at the Scheme record date. This values VRM at $40,509,700 on a fully-diluted basis.

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