tentative tiimtable for kor and spinoffs

I spoke to JP a couple of weeks ago. Their timetable was not finalised. However, they were hoping for:

1. Korab to send notices of its AGM before the end of March (time may have slipped?)
2. The AGM to occur within 28 days, meaning end of April
3. Korab intend to issue the free shares in each of the 2 gold demergers shortly after.
4. The 2 gold IPOs will probably also be sent out in late April, with a close-off date this financial year or before June 30.
5. Korab shareholders will get a priority entitlement on the gold IPOs

KORs management will then focus on development of its large magnesium project, with cash being added by the IPOs.

Note UAU has been demerged and has since made a large iron mineralization discovery.

I gather some or all of the demerged companies will remain subsidiaries of Korab, although having independent management boards. There may be synergies in sharing technical staff; e.f. geologists

This will require final explanation from Korab so wee all clearly understand the implications.

I hope my brief description is not too far off the mark.