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Convergent Minerals exits administration, changes name to East West Energy

Greenhouse gas and gold mines Nearly 1 ton of CO2 emitted per ounce of gold produced in 2019

Essential Metals & Mining Insights - September 2020

Essential Metals & Mining Insights - August 2020

State of the Market: Mining Q2-2020


Convergent Minerals exits administration, changes name to East West Energy

Convergent Minerals Ltd. shareholders have approved a deed of company arrangement, allowing the Australian gold explorer to emerge from administration.

The agreement grants control of the company back to the board of directors, enables recapitalization and allows Convergent to relist on the ASX, according to a Dec. 20 statement.

The new board comprises Mitchell McGeorge as executive chairman, Scott Brownlaw as executive director and CEO and Victor Dusik and John Reader as independent nonexecutive directors.

Meanwhile, shareholders have also approved a change of name to East West Energy Ltd., which will be focused on the development of oil and gas projects in North America.

The company is now seeking to undertake a capital raising and relist on the ASX.