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Zeus Completes Arrangement with Kelso, Retains Trading Status

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Zeus Completes Arrangement with Kelso, Retains Trading Status

Umdoni Exploration, Inc. ( (TSE:ZEUS) ) has shared an update.

Zeus North America Mining Corp., a junior exploration company, has successfully completed a statutory plan of arrangement with Kelso Mining Inc. This arrangement involved distributing Kelso’s shares to Zeus shareholders and transferring the Chlore Property in British Columbia to Kelso. As a result, Kelso is now a reporting issuer in several Canadian provinces, while Zeus retains its working capital and continues to trade under the symbol ZEUS on the Canadian Securities Exchange.

More about Umdoni Exploration, Inc.

YTD Price Performance: -13.64%

Average Trading Volume: 17,432

Technical Sentiment Consensus Rating: Buy

For an in-depth examination of ZEUS stock, go to TipRanks’ Stock Analysis page.

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