Business
LAST DAY OF TRADING ON AIM AND RE-DOMICILE UPDATE
Cornish Metals Inc. has announced that the last day for trading its common shares on AIM will be December 15, 2025, at 4:30 p.m. London time, in preparation for its re-domicile to Cornish Metals plc. This arrangement, approved by the Ontario Superior Court of Justice, will see shareholders receive one new Cornish UK Share for every ten Cornish Canada Shares held, with the effective transfer date set for December 16, 2025. Trading of Cornish Canada Shares on TSXV will also be suspended on December 16, 2025, with admission and dealings of Cornish UK Shares on AIM expected to commence on December 18, 2025, by which time CREST accounts should be credited. Disclaimer*
About this update from Cornish Metals Plc
[{"type":"text","content":"\n\n\n \nCORNISH METALS ANNOUNCES UPDATE REGARDING THE LAST DAY OF TRADING ON AIM IN RELATION TO ITS PROPOSED RE-DOMICILE\n \nVancouver, December 15, 2025\nCornish Metals Inc. (AIM/TSXV: CUSN) (\"Cornish Metals\", \"Cornish Canada\" or the \"Company\") a mineral exploration and development company focused on advancing its wholly owned and permitted South Crofty tin project in Cornwall, United Kingdom, provides a further update following the receipt of the final order from the Ontario Superior Court of Justice (the \"Court Order\") approving the previously announced re-domicile of the Company (the \"Arrangement\").\nThe Arrangement will result in the transfer all of the issued and outstanding common shares of the Company (each a \"Cornish Canada Share\") to Cornish Metals plc (\"Cornish UK\") in exchange for the issue to the Company's shareholders of new shares in Cornish UK (each a \"Cornish UK Share\"), on the basis of one (1) Cornish UK Share for ten (10) Cornish Canada Shares, rounded down to the nearest whole number of Cornish UK Shares. In the event that any holder of Cornish Canada Shares holds fewer than ten (10) Cornish Canada Shares, or the number of Cornish Canada Shares held when divided by ten (10) is not a whole number, such allocation will be rounded down to the nearest whole number (or zero, if fewer than ten (10) Cornish Canada Shares are held immediately prior to the of effective date of the Arrangement). The Arrangement remains subject to the satisfaction of customary closing conditions and is expected to close on or about December 16, 2025.\nIn order for the Company's registrar to facilitate the transfer of all of the Cornish Canada Shares to Cornish UK and the issue of the new Cornish UK Shareholders on the Effective Date in accordance with the requirements of the Court Order, the Company announces that the last time for trading of the Cornish Canada Shares on AIM will be 4:30 p.m. (London time) today on December 15, 2025.\nShareholders of the Company should be aware that as previously announced and in accordance with the Court Order relating to the Arrangement, the effective time of transfer of all of the Cornish Canada Shares to Cornish UK is 8:01 AM (London time) (being 12:01 AM Vancouver time) on 16 December 2025. At such point Cornish UK will hold the entire issued share capital of the Co...