Central Asia Metals completes reverse takeover of Lynx Resources

Copper mining and exploration firm Central Asia Metals on Monday completed the reverse acquisition of Lynx Resources, owners of the Sasa zinc mine in Macedonia.

On completion of the deal, the expanded base of 176.5m ordinary shares in the hitherto Kazakhstan-focussed metals group were immediately readmitted to trading.

Executive chairman Nick Clarke, said, "CAML is now the owner of the Sasa zinc-lead mine in Macedonia, which means that our company is a newly diversified base metals producer."

"The low-cost nature of Sasa complements our Kounrad operation and we look forward to our future with two long life and cash generative base metal operations in highly prospective jurisdictions. This should enable us to continue to reward our supportive shareholders with attractive returns," he added.

AIM-listed CAML owns 100% of the Kounrad copper project in central Kazakhstan and 80% of the Shuak copper exploration property in the north of the central asian country.

As of 0900 BST, shares had gained 1.03% to 246.25p.