Highlands executes Scheme Implementation Agreement with Cobalt 27
Highlands Pacific Limited (ASX:HIG) has entered into a Scheme Implementation Agreement (“SIA”) with Cobalt 27 Capital Corp. under which Cobalt 27 has agreed to acquire all of the shares in Highlands which it does not already own by way of a Scheme of Arrangement (“Scheme”) under the PNG Companies Act. Cobalt 27 is currently the largest holder of Highlands shares, holding an interest of approximately 13%.
A download link to the announcement is below: