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Provider: Thomson Reuters Stock Report
Provider: Reuters Investment Profile
Provider: Thomson Reuters Stock Report

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Atrum Coal NL Announces Spin-Out Plans For Coal Exploration Assets

Tuesday, 17 Sep 2013 06:32pm EDT 

Atrum Coal NL announced that it plans to spin-out its Naskeena, Bowron River and Peace River coal assets (Exploration Assets), located in British Columbia, Canada. Spin-out will assist funding development of the Company‚Äôs exciting greenfield metallurgical coal assets and allow Atrum to focus on the development of Groundhog. Existing Atrum shareholders, as at the Record Date, will receive a substantial share position in the new IPO at no cost. Spin-out timing, capital structure, management personnel and Record Date will be finalised over the next few weeks. 

Company Quote

22 Dec 2014