Dec 7 (Reuters) - Sovereign Metals Ltd (SVM) :
- SOVEREIGN TO DEMERGE STANDALONE GRAPHITE PROJECTS
- TO DEMERGE THE NANZEKA, MALINGUNDE, DUWI AND MABUWA PROJECTS INTO A WHOLLY OWNED UNIT, NGX LIMITED
- DEMERGER WILL INVOLVE IN-SPECIE DISTRIBUTION TO CO'S SHAREHOLDERS ON BASIS OF 1 NGX SHARE FOR EVERY ELEVEN 11 SOVEREIGN SHARES
- NGX IS PROPOSING TO PURSUE AN ASX LISTING THROUGH AN INITIAL PUBLIC OFFERING
- SOVEREIGN WILL RETAIN ALL GRAPHITE CO-PRODUCT FROM KASIYA RUTILE PROJECT
- NGX IPO IS EXPECTED TO COMPRISE A PRIORITY OFFER TO EXISTING SHAREHOLDERS
News: SVM Sovereign Metals Announces Demerger Of Standalone Graphite Projects Into New Unit
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Last
76.0¢ |
Change
-0.010(1.30%) |
Mkt cap ! $491.6M | |||
| Open | High | Low | Value | Volume |
| 76.5¢ | 77.5¢ | 75.0¢ | $495.7K | 651.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 32631 | 75.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 77.0¢ | 20000 | 1 |
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| Last trade - 16.10pm 22/07/2025 (20 minute delay) ? |
| SVM (ASX) Chart |