Put companies on watchlist
Dynastar AG
ISIN: CH0396131929
WKN: A2JCKK
About
Company Snapshot
New: Enable Investor Alerts
Be informed about new publications
New: AI Factsheet

Corporate News meets AI! 
Content analysis and summary

EN GIF 300X250

Dynastar AG · ISIN: CH0396131929 · EQS - Company News (55 News)
Country: Switzerland · Primary market: Switzerland · EQS NID: 1125369
31 August 2020 12:20PM

Dynastar AG: Couno Resources S.A. Reverse-Merges into SunMirror AG


DGAP-News: Dynastar AG / Key word(s): Mergers & Acquisitions
Dynastar AG: Couno Resources S.A. Reverse-Merges into SunMirror AG

31.08.2020 / 12:20
The issuer is solely responsible for the content of this announcement.


***IMMEDIATE DISTRIBUTION***
Contact:
edicto GmbH
Frankfurt, Germany
Doron Kaufmann
Phone: +49 69 905505-53
Email: dynastar@edicto.de

Couno Resources S.A. Reverse-Merges into SunMirror AG
* Agrees reverse takeover into new Swiss company (ISIN: CH0396131929)
* Sees strong tailwind from ongoing boom in gold, tech & strategic acquisitions
* Group rebrands as SunMirror AG with new domicile in Zug, Switzerland
 

ZURICH Monday, August 31, 2020 - Couno Resources S.A. ("Couno"), a strategic exploration firm focused on metals and minerals powering today's new era of sustainable technology, has agreed to reverse-merge into Dynastar AG (DYK.DU). The Shareholders have agreed to rebrand the Group as SunMirror AG ("SunMirror"). The combined entity has also launched a carefully planned strategic "roll-up" of select assets amidst an unprecedented run-up in gold and other critical resources.

The Couno transaction will see SunMirror's current ownership of 325,000 shares, at a nominal value of CHF 1 per share, increase to 2,000,000 in total after shareholders agree to issue 1,175,000 new shares to existing Couno shareholders. Another 500,000 shares have been issued to the existing Couno Shareholders, thus, reaching the 2,000,000-share total.

Dr. Heinz Kubli, an expert in corporate transactions, has been appointed Director of SunMirror to oversee its inorganic growth strategy, ensure a smooth integration with firms like Couno and maximise upside potential in the current super-cycle. Leading forecasters predict that such commodities targeted by SunMirror may very likely propel even higher as unprecedented fiscal stimuli sets-in and demand for strategic resources continue over a long-tail horizon.

Dr. Kubli recently explained gold's climb to industry analysts: "Whether it's position as a safe-haven asset enabling next-gen 5G, new mobility, et cetera, gold's bull-run is here to stay and SunMirror is bringing it, and other critical resources, to market with greater speed and sustainability relative to legacy miners whose margins get cut with huge overhead structures," while also highlighting the firm's approach to sustainable, modern mining in First World jurisdictions.

SunMirror's growth trajectory is built around a successful strategy of targeting and acquiring rights in areas known to have exceptional geological potential, including sites next to some of the best producing mines in Tier 1 jurisdictions. For example, Couno's gold, lithium, nickel and iron ore projects in Western Australia, respectively, Kingston Keith, Moolyella and Cape Lambert, are surrounded by larger scale operations of mining giants BHP Billiton, Glencore and Norilsk Nickel, et al.

Specific sites adjacent to Couno's projects continue to attract significant investments, like the AUD 400 million acquisition of Cape Lambert North by Metallurgical Corporation of China Ltd. (MCC) as well as Canaccord Genuity's AUD 100 million raise for Bellevue Gold Ltd.

Geographical details for Couno's assets are available at https://www.couno-resources.lu

SunMirror has selected Zurich, Switzerland based Opus Capital Group as Listing Advisor alongside Grant Thornton as registered Auditor and Heuking Kühn Partner as Legal Advisors. The Company is listed on the Dusseldorf and Berlin Stock Exchange with Ticker Code DYK.DU and ISIN CH0396131929.

About Dynastar AG/ SunMirror AG
SunMirror AG is a natural-resources holding company with a strategic focus around gold and other critical resources - those metals and minerals powering demand for next-generation sustainable technology. The company was formed out of Dynastar AG after its reverse-merger into modern mining player, Couno Resources S.A., and several other important acquisitions to be announced in 2020.

For more information please visit: https://www.dynastar.ag

About Couno S.A.
Couno Resources S.A. is a company incorporated in Luxembourg with 1,111,000 shares in issue, holding two subsidiaries: Lithium 1 Pty Ltd (Australia) and Pharlap Holdings Pte. Ltd (Singapore). Pharlap Holdings Pte Ltd is in possession over a Royalty Agreement relating to future royalties payable in relation to the Cape Lambert Magnetite Project over a Retention License held by MCC Australia Sanjin Mining Pty Ltd. Lithium 1 Pty Ltd holds two exploration licenses, one for a tenement in Moolyella (Lithium) as well as one in Mt Keith (Gold and Nickel).

For more information please visit: https://couno-resources.lu

About Opus Group
Opus Group specializes in bringing-to-market tomorrow's next-generation firms, today, by combining strong industry expertise together with one of Switzerland's leading independent financial services firms.

For more information please visit: https://www.opus-capital.ch

 



31.08.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: Dynastar AG
Gerechtigkeitsgasse 25
8001 Zürich
Switzerland
Phone: +41 43 508 05 58
E-mail: info@dynastar.ag
Internet: www.dynastar.ag
ISIN: CH0396131929
WKN: A2JCKK
Listed: Regulated Unofficial Market in Berlin, Dusseldorf
EQS News ID: 1125369

 
End of News DGAP News Service

1125369  31.08.2020 

fncls.ssp?fn=show_t_gif&application_id=1125369&application_name=news&site_id=boersengefluester_html
Visual performance / price development - Dynastar AG
Smart analysis and research tools can be found here.

This publication was provided by our content partner EQS3.

EQS Newswire
via EQS - Newsfeed
EQS Group AG ©2024
(DGAP)
Contact:
Karlstraße 47 D-80333 München
+49 (0) 89 444 430-000

 

SMART * AD
EN GIF 970X250

P R O D U C T   S U G G E S T I O N S

The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.


The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.

If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.

For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.


1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.