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
Dec 7 (Reuters) - Sovereign Metals Ltd (SVM) : SOVEREIGN TO...
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