Full Metal Minerals Announces Terms of Spin-Out of Full Metal Zinc

Full Metal Minerals Ltd. (TSXV:FMM) enters into an agreement with Full Metal Zinc to give effect to the spin-out of ZincCo.

The press release is quoted as saying:

The Arrangement, if completed, will result in shareholders of Full Metal as at the effective date of the Arrangement (the “Effective Date”) being entitled to receive 1/3 of a post-consolidation common share of Full Metal (a “Full Metal Share”) and 1/6 of a common share of ZincCo (a “ZincCo Share”) for each common share of Full Metal held as at such date.

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