Merger of Alliance Mineral, Tawana proposed to create mid-tier lithium play

When the merger is completed by Q4 of 2018, Alliance will acquire all of Tawana's issued share capital at 1.10 Alliance share for each Tawana share
hweetan@sph.com.sg@HweetanBT

Singapore

CATALIST-LISTED Alliance Mineral Assets Limited and Australia-listed Tawana Resources NL have agreed to "a merger of equals" that will create a mid-tier lithium producer with pro-forma market capitalisation of A$446 million (S$450.4 million).

Both companies have entered