on Zeus North America Mining Corp. (isin : CA98956B1031)
Court Approval and Record Date Set for Zeus North America Mining Spin-Off
Zeus North America Mining Corp. has received approval from the Supreme Court of British Columbia for its arrangement to spin off the Chlore Property to its subsidiary, Kelso Mining Inc. The arrangement was originally dated August 26, 2024. The finalized share distribution record date is set for January 29, 2025.
Under the arrangement, Zeus shareholders will receive one share of Kelso for every 150 Zeus shares they own. This distribution will occur on February 5, 2025. Zeus option and warrant holders who exercise options or warrants before this date will also be eligible for the Kelso share distribution.
Post-arrangement, Zeus shareholders will have stakes in two companies: Zeus, focusing on its Idaho properties, and Kelso, dedicated to the Chlore Property.
R. E.
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