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Magma Metals to Spin Off Gold Projects in Australia
Nov. 22, 2011 09:59AM PST
Precious Metals InvestingReuters Africa reported that Magma Metals Ltd (ASX:MMW) has created a new company for its gold assets, called Greenstone Metals Ltd.
Reuters Africa reported that Magma Metals Ltd (ASX:MMW) has created a new company for its gold assets, called Greenstone Metals Ltd.
As quoted in the market news:
The initial public offering for the new company, to be named Greenstone Metals Ltd, will be launched in the first half of 2012 and capital raised by the IPO will fund the development of the West Australian gold properties.
