Brief: Almadex Provides Update On Spin-Out Transaction And Newcrest Investment
16/04/2018 21:06
April 16 (Reuters) - Almadex Minerals Ltd AMZ.V :
* ALMADEX PROVIDES UPDATE ON SPIN-OUT TRANSACTION AND
NEWCREST
INVESTMENT
* ALMADEX MINERALS LTD - NEWCREST INTERNATIONAL PTY LTD
PLACED
SUBSCRIPTION PRICE OF $19.1 MILLION INTO ESCROW
* ALMADEX MINERALS LTD - AS PART OF SPIN-OUT TRANSACTION,
EACH
EXISTING SHARE OF CO IS EXCHANGED FOR ONE "NEW" SHARE OF ALMADEX
AND ONE SHARE OF SPINCO
* ALMADEX MINERALS LTD - THERE WILL BE NO CHANGE TO ALMADEX
SECURITYHOLDERS' EXISTING INTERESTS IN ALMADEX AS A RESULT OF
SPIN-OUT TRANSACTION
* ALMADEX MINERALS LTD - BOARD UNANIMOUSLY RECOMMENDS THAT
SHAREHOLDERS VOTE IN FAVOUR OF SPECIAL RESOLUTION
Source text for Eikon: ID:nGNX8BQt2G
Further company coverage: AMZ.V
((Reuters.Briefs@thomsonreuters.com;))
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