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Duluth Metals Decides to Cancel IPO Financing for Subsidiary
Mar. 22, 2013 02:23AM PST
Precious MetalsDuluth Metals Limited (TSX:DM, TSX:DM.U), a PGM exploration and development company, announced that its Board of Directors decided not to push through with an IPO financing for its 100% owned Duluth Exploration Limited.
Duluth Metals Limited (TSX:DM, TSX:DM.U), a PGM exploration and development company, announced that its Board of Directors decided not to push through with an IPO financing for its 100% owned Duluth Exploration Limited.
As quoted in the press release:
As a result the DEL Special Warrants distributed in August 2011 to the shareholders of Duluth Metals as a dividend in kind will expire on July 31, 2013 and DEL will continue to be a wholly-owned subsidiary of Duluth Metals.
Click here to read the full Duluth Metals Limited (TSX:DM, TSX:DM.U) press release.
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