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Provider: Streetwise Reports

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Syrah Resource Ltd sands demerger and spin off

Wednesday, 16 Jul 2014 09:00pm EDT 

Syrah Resource Ltd:Says that it plans to hold an Extraordinary General Meeting in Aug. to request approval to demerge the assets through a distribution to shareholders.Says this will be followed as quickly as possible by seeking a listing on the ASX through an Initial Public Offering with a priority period for existing Syrah shareholders.Says the expected value of the new company, Jacana Minerals Limited, at listing is expected to be less than $20 million after a proposed raising of about $8 million. 

Company Quote

0.2 +5.46%
7 Jul 2015