TASMANIAN ASSETS TO BE SPUN OFF AND LISTED AS TNT MINES LIMITED
24 November 2010
HIGHLIGHTS
Tin, tungsten and fluorspar are at near record prices
Minemakers tenure includes all the major hard rock tin and tungsten mining centres in North East Tasmania Australias most productive historic tin and tungsten field
Its Moina deposit is understood to be the largest undeveloped fluorspar deposit in the world and is associated with tin, tungsten, bismuth and magnetite
Minemakers will spin-off these assets as TNT Mines Limited (TNT) in an IPO aimed to raise $10M
There will be an in specie distribution of TNT shares to Minemakers shareholders and they will enjoy a preferred position in applications for new shares in the IPO
From asx ann
bcd flying and mak own approx 45% of it, page-13
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