Brief: Power Metals announces intention to spin-out its hard-rock lithium assets

Power Metals

13/03/2017 04:01

March 13 (Reuters) - Power Metals Corp  PWM.V  
    * Power Metals Corp. Announces intention to spin-out its 
hard-rock lithium assets 
    * intends to undertake plan of arrangement whereby it will 
transfer its hard-rock lithium assets to newly formed subsidiary 
    * Says directors and management of new pwm will be same as 
currently exists for power metals. 
    * under plan, each power metals shareholder will receive 
equivalent number of common shares of new pwm as they hold in co 
    * under plan, each power metals warrant holder, option 
holder will receive equal number of warrants, options in new pwm 
on identical terms 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nCCN7fXmg 
Further company coverage:  PWM.V  
 
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