{"success":true,"data":{"pressRelease":{"id":"102345","rtpr_id":"nGNX8TlNXH","ticker":"CY5","exchange":"ASX","all_tickers":["CY5"],"title":"Cygnus Metals Limited: Granting of ASX Waiver","author":"Globe Newswire","published_at":"2026-07-29T15:17:19.098Z","article_body":"TORONTO, July 29, 2026 (GLOBE NEWSWIRE) -- Cygnus Metals Limited (ASX:CY5;\nTSXV:CYG; OTCQB:CYGGF) refers to its announcement on 2 June 2026, regarding\nthe proposed scheme of arrangement under Part 5.1 of the Corporations Act 2001\n(Cth) (“Corporations Act”) pursuant to which Central Asia Metals PLC\n(AIM:CAML) (“CAML”) will acquire all of the issued shares in Cygnus\n(“Scheme”).\n\nIn connection with the Scheme it is proposed that, subject to the Scheme\nbecoming effective under section 411(10) of the Corporations Act, all of the\noptions in Cygnus (“Cygnus Options”) on issue as at the implementation\ndate for the Scheme will be cancelled, or transferred to CAML (or its\nnominee), for replacement options to acquire new ordinary shares in CAML\n(“New CAML Options”).\n\nRefer to the Company’s ASX announcement dated 2 June 2026 for further\ninformation regarding the Scheme and treatment of the Cygnus Options.\n\nCygnus is pleased to announce that, in connection with the proposed Scheme, a\nwaiver of ASX Listing Rule 6.23.2 and 6.23.4 has been granted to permit the\nCygnus Options to be cancelled or transferred for consideration without\nrequiring shareholder approval.\n\nThe Scheme Implementation Deed between Cygnus and CAML dated 2 June 2026\n(“Scheme Implementation Deed”) requires Cygnus to use reasonable\nendeavours to procure that each holder of Cygnus Options enters into a deed\nunder which the holder agrees to the cancellation, or transfer to CAML (or its\nnominee), of all of their Cygnus Options in exchange for 0.06 New CAML Options\nfor each Cygnus Option. The cancellation or transfer of the Cygnus Options is\nsubject to the Scheme becoming Effective and is to take effect on the\nImplementation Date (as those terms are defined in the Scheme Implementation\nDeed).\n\nIf the Scheme does not become effective, the terms of the Cygnus Options will\nnot be amended, the Cygnus Options will not be cancelled or transferred to\nCAML in connection with the Scheme, and the Cygnus Options will remain on foot\nin accordance with their existing terms.\n\n6.23.2 Waiver – cancellation of Cygnus Options\n\nBased solely on the information provided, ASX has granted the waiver of ASX\nListing Rule 6.23.2 on the following conditions:\n1. full details of the proposed treatment of the Cygnus Options are set out to\nASX’s satisfaction in the scheme booklet; and\n2. the Scheme is approved by the requisite majority of Cygnus’ shareholders\nand a court of competent jurisdiction (Court), and the Court's orders are\nlodged with the Australian Securities and Investment Commission (ASIC) such\nthat the Scheme becomes effective.\nASX has considered ASX Listing Rule 6.23.2 only and has not made any statement\nas to the Company's compliance with other ASX Listing Rules.\n\n6.23.4 Waiver – amendments to the terms of the Cygnus Options\n\nIn connection with the Scheme, Cygnus requested a waiver from ASX Listing Rule\n6.23.4 to amend the terms of the Cygnus Options without prior shareholder\napproval to enable holders of Cygnus Options to transfer the Cygnus Options to\nCAML (or its nominee).\n\nBased solely on the information provided, ASX has granted the waiver of\nListing Rule 6.23.4 on the following conditions:\n1. full details of the proposed treatment of the Cygnus Options are set out to\nASX’s satisfaction in the scheme booklet; and\n2. the Scheme is approved by the requisite majority of Cygnus’ shareholders\nand the Court, and the Court's orders are lodged with ASIC such that the\nScheme becomes effective.\nASX has considered ASX Listing Rule 6.23.4 only and has not made any statement\nas to the Company's compliance with other ASX Listing Rules.\n\nThis announcement has been authorised for release by the Board of Directors of\nCygnus.\n\n David Southam Executive Chairman T: +61 8 6118 1627 E: info@cygnusmetals.com  Media: Paul Armstrong Read Corporate +61 8 9388 1474  \n\nAbout Cygnus Metals\n\nCygnus Metals Limited (ASX:CY5, TSXV:CYG, OTCQB:CYGGF) is a diversified\ncritical minerals exploration and development company with projects in Quebec,\nCanada and Western Australia. The Company is dedicated to advancing its\nChibougamau Copper-Gold Project in Quebec with an aggressive exploration\nprogram to drive resource growth and develop a hub-and-spoke operation model\nwith its centralised processing facility. In addition, Cygnus has quality\nlithium assets with significant exploration upside in the world-class James\nBay district in Quebec, and REE and base metal projects in Western Australia.\nThe Cygnus team has a proven track record of turning exploration success into\nproduction enterprises and creating shareholder value.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/5305bef7-7ee8-427c-9a8d-7a692072b097)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX8TlNXH","title":"Cygnus Metals Limited: Granting of ASX Waiver","author":"Globe Newswire","ticker":"CY5","created":"2026-07-29T15:17:19.098Z","tickers":["CY5"],"exchange":"ASX","article_body":"TORONTO, July 29, 2026 (GLOBE NEWSWIRE) -- Cygnus Metals Limited (ASX:CY5;\nTSXV:CYG; OTCQB:CYGGF) refers to its announcement on 2 June 2026, regarding\nthe proposed scheme of arrangement under Part 5.1 of the Corporations Act 2001\n(Cth) (“Corporations Act”) pursuant to which Central Asia Metals PLC\n(AIM:CAML) (“CAML”) will acquire all of the issued shares in Cygnus\n(“Scheme”).\n\nIn connection with the Scheme it is proposed that, subject to the Scheme\nbecoming effective under section 411(10) of the Corporations Act, all of the\noptions in Cygnus (“Cygnus Options”) on issue as at the implementation\ndate for the Scheme will be cancelled, or transferred to CAML (or its\nnominee), for replacement options to acquire new ordinary shares in CAML\n(“New CAML Options”).\n\nRefer to the Company’s ASX announcement dated 2 June 2026 for further\ninformation regarding the Scheme and treatment of the Cygnus Options.\n\nCygnus is pleased to announce that, in connection with the proposed Scheme, a\nwaiver of ASX Listing Rule 6.23.2 and 6.23.4 has been granted to permit the\nCygnus Options to be cancelled or transferred for consideration without\nrequiring shareholder approval.\n\nThe Scheme Implementation Deed between Cygnus and CAML dated 2 June 2026\n(“Scheme Implementation Deed”) requires Cygnus to use reasonable\nendeavours to procure that each holder of Cygnus Options enters into a deed\nunder which the holder agrees to the cancellation, or transfer to CAML (or its\nnominee), of all of their Cygnus Options in exchange for 0.06 New CAML Options\nfor each Cygnus Option. The cancellation or transfer of the Cygnus Options is\nsubject to the Scheme becoming Effective and is to take effect on the\nImplementation Date (as those terms are defined in the Scheme Implementation\nDeed).\n\nIf the Scheme does not become effective, the terms of the Cygnus Options will\nnot be amended, the Cygnus Options will not be cancelled or transferred to\nCAML in connection with the Scheme, and the Cygnus Options will remain on foot\nin accordance with their existing terms.\n\n6.23.2 Waiver – cancellation of Cygnus Options\n\nBased solely on the information provided, ASX has granted the waiver of ASX\nListing Rule 6.23.2 on the following conditions:\n1. full details of the proposed treatment of the Cygnus Options are set out to\nASX’s satisfaction in the scheme booklet; and\n2. the Scheme is approved by the requisite majority of Cygnus’ shareholders\nand a court of competent jurisdiction (Court), and the Court's orders are\nlodged with the Australian Securities and Investment Commission (ASIC) such\nthat the Scheme becomes effective.\nASX has considered ASX Listing Rule 6.23.2 only and has not made any statement\nas to the Company's compliance with other ASX Listing Rules.\n\n6.23.4 Waiver – amendments to the terms of the Cygnus Options\n\nIn connection with the Scheme, Cygnus requested a waiver from ASX Listing Rule\n6.23.4 to amend the terms of the Cygnus Options without prior shareholder\napproval to enable holders of Cygnus Options to transfer the Cygnus Options to\nCAML (or its nominee).\n\nBased solely on the information provided, ASX has granted the waiver of\nListing Rule 6.23.4 on the following conditions:\n1. full details of the proposed treatment of the Cygnus Options are set out to\nASX’s satisfaction in the scheme booklet; and\n2. the Scheme is approved by the requisite majority of Cygnus’ shareholders\nand the Court, and the Court's orders are lodged with ASIC such that the\nScheme becomes effective.\nASX has considered ASX Listing Rule 6.23.4 only and has not made any statement\nas to the Company's compliance with other ASX Listing Rules.\n\nThis announcement has been authorised for release by the Board of Directors of\nCygnus.\n\n David Southam Executive Chairman T: +61 8 6118 1627 E: info@cygnusmetals.com  Media: Paul Armstrong Read Corporate +61 8 9388 1474  \n\nAbout Cygnus Metals\n\nCygnus Metals Limited (ASX:CY5, TSXV:CYG, OTCQB:CYGGF) is a diversified\ncritical minerals exploration and development company with projects in Quebec,\nCanada and Western Australia. The Company is dedicated to advancing its\nChibougamau Copper-Gold Project in Quebec with an aggressive exploration\nprogram to drive resource growth and develop a hub-and-spoke operation model\nwith its centralised processing facility. In addition, Cygnus has quality\nlithium assets with significant exploration upside in the world-class James\nBay district in Quebec, and REE and base metal projects in Western Australia.\nThe Cygnus team has a proven track record of turning exploration success into\nproduction enterprises and creating shareholder value.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/5305bef7-7ee8-427c-9a8d-7a692072b097)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-07-29T15:17:19.128913213Z","server_sent_at_ms":1785338239128},"received_at":"2026-07-29T15:17:19.180Z","source_url":"https://www.globenewswire.com/news-release/2026/07/29/3335430/0/en/cygnus-metals-limited-granting-of-asx-waiver.html"},"analysis":{"id":"91365","press_release_id":"102345","analysis_json":{"industry":{"label":"Metals & Mining","sector":"Materials"},"redFlags":[],"eventType":"regulatory","narrative":"Cygnus Metals received a waiver from the ASX regarding Listing Rules 6.23.2 and 6.23.4, allowing the cancellation or transfer of Cygnus options without specific shareholder approval.\n\nThis waiver supports the previously announced scheme of arrangement whereby Central Asia Metals PLC (CAML) will acquire Cygnus.\n\nUnder the scheme, each Cygnus Option will be exchanged for 0.06 New CAML Options, subject to the scheme becoming effective.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Procedural waiver clears hurdle for CAML acquisition."},"keyFigures":{"customDimensions":{"options_exchange_ratio":0.06}},"quotedText":"","namedEntities":{"people":[{"name":"David Southam","role":"Executive Chairman"}],"products":["Cygnus Options","New CAML Options"],"companies":[{"name":"Central Asia Metals PLC","ticker":"CAML","relationship":"acquirer"},{"name":"ASX","relationship":"regulator"},{"name":"ASIC","relationship":"regulator"}],"dollarAmounts":[]},"materialImpact":{"score":2,"reasoning":"ASX granted a waiver regarding listing rules to facilitate the cancellation and transfer of options as part of the pending acquisition by CAML. This removes a procedural hurdle for the scheme of arrangement but is a routine administrative step in the M&A process."},"tickerRelevance":{"others":[{"ticker":"CAML","relevance":"acquirer"},{"ticker":"CYG","relevance":"other_listing"},{"ticker":"CYGGF","relevance":"other_listing"}],"primary":"CY5"},"globalImportance":10,"audienceRelevance":10,"eventTypeSecondary":["m_and_a"],"importanceComponents":{"tickerTier":"micro_cap","eventGravity":"regulatory_waiver"}},"event_type":"regulatory","event_type_secondary":["m_and_a"],"sentiment":"bullish","material_impact_score":2,"narrative":"Cygnus Metals received a waiver from the ASX regarding Listing Rules 6.23.2 and 6.23.4, allowing the cancellation or transfer of Cygnus options without specific shareholder approval.\n\nThis waiver supports the previously announced scheme of arrangement whereby Central Asia Metals PLC (CAML) will acquire Cygnus.\n\nUnder the scheme, each Cygnus Option will be exchanged for 0.06 New CAML Options, subject to the scheme becoming effective.","key_figures":{"customDimensions":{"options_exchange_ratio":0.06}},"named_entities":{"people":[{"name":"David Southam","role":"Executive Chairman"}],"products":["Cygnus Options","New CAML Options"],"companies":[{"name":"Central Asia Metals PLC","ticker":"CAML","relationship":"acquirer"},{"name":"ASX","relationship":"regulator"},{"name":"ASIC","relationship":"regulator"}],"dollarAmounts":[]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-07-29T20:20:09.929Z","global_importance":10,"audience_relevance":10,"importance_components":{"tickerTier":"micro_cap","eventGravity":"regulatory_waiver"}},"durationMs":134246,"modelName":"glm-4.7"}}