III icon resources ltd

Icon?s Fitzroy and Glentanna tenements are to be spun out into a...

  1. 18,198 Posts.
    Icon?s Fitzroy and Glentanna tenements are to be spun out into a separate company (Fitzroy
    Resources Ltd) with the intention of listing this company on the ASX (see the ASX
    announcement of 1 September 2010). It was resolved at the Board of Directors Meeting held on
    16 September 2010, that, subject to necessary regulatory approvals, the 7.5 million shares and 5
    million options in Fitzroy Resources Ltd that Icon is receiving as vendor consideration would be
    distributed, In-Specie, to Icon shareholders

    So they should!I have paid for them.
 
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