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South Boulder Mines Ltd Proposes Demerger Of Non-Potash Assets


Thursday, 18 Oct 2012 05:02am EDT 

South Boulder Mines Ltd announced its intention to undertake a demerger of its non-potash assets, including listed investments as well as cash of AUD 1m, to be held in Duketon Mining Limited (Duketon). The demerger will be via an in specie distribution of 100% of the shares in Duketon to shareholders of South Boulder on a one for four basis, comprising about 31 million Duketon shares to be issued. The new Duketon board will then be uniquely placed to focus on further development of the non-potash assets and will be able to consider future fundraising opportunities to supplement working capital for exploration programs. 

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24 Jul 2014