How true!!! "We shareholders now get the benefit of both projects pushing full steam ahead rather than having iroqouis sitting idle in the background" Win/Win.
Key Points:
• Strickland to spin out its Western Australian Earaheedy Basin Iroquois Project and Bryah Basin
Project, targeted for the first quarter of 2023
• The Iroquois Project and Bryah Basin Project will be held by a wholly owned subsidiary of
Strickland (DemergerCo), which will seek to list on the Australian Securities Exchange
• Strickland plans to undertake a full in-specie distribution of DemergerCo Shares to shareholders
• Strickland shareholders will receive DemergerCo shares (at no cost) on a pro-rata basis via a inspecie distribution, subject to any shareholder, ASX and regulatory approvals
• The Board believes the Demerger process will unlock the strategic value of the Iroquois and Bryah
Basin assets for the benefit of all shareholders and allow STK to focus on developing its flagship
Yandal Gold Project
Or, just let it sit in the ground, or, IF able, dilute existing shareholders out of the picture completely??.Only alternative!!
MANY others should do the same, so very sad to watch those. Be surprised if most of you haven't been involved in at least one of them.
- Forums
- ASX - By Stock
- STK
- Ann: Intention to Spin Out Iroquois and Bryah Base Metal Assets
Ann: Intention to Spin Out Iroquois and Bryah Base Metal Assets, page-25
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add STK (ASX) to my watchlist
(20min delay)
|
|||||
Last
9.9¢ |
Change
-0.001(1.00%) |
Mkt cap ! $218.4M |
Open | High | Low | Value | Volume |
10.5¢ | 11.0¢ | 9.9¢ | $230.6K | 2.173M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 56999 | 9.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.5¢ | 62000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 56999 | 0.099 |
2 | 150000 | 0.098 |
2 | 35000 | 0.097 |
1 | 50000 | 0.096 |
2 | 105001 | 0.095 |
Price($) | Vol. | No. |
---|---|---|
0.105 | 62000 | 2 |
0.110 | 1565500 | 10 |
0.115 | 1625899 | 9 |
0.120 | 1918334 | 14 |
0.125 | 972000 | 8 |
Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
Featured News
STK (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online