Umdoni Exploration, Inc. ( (TSE:ZEUS) ) has shared an announcement.
Zeus North America Mining Corp. has received court approval to proceed with the spin-off of its Chlore Property to its subsidiary, Kelso Mining Inc. This arrangement allows Zeus shareholders to receive shares in Kelso, effectively giving them stakes in two separate entities post-arrangement. The move is poised to enhance Zeus’s focus on its Idaho properties while allowing Kelso to concentrate on the Chlore Property, potentially optimizing operations and market positioning for both entities.
More about Umdoni Exploration, Inc.
Zeus North America Mining Corp. operates in the mining industry with a focus on properties in North America. The company is primarily involved in the exploration and development of mining properties, including the Cuddy Mountain, Selway, and Great Western properties in Idaho, and the Chlore Property in British Columbia.
YTD Price Performance: 0.0%
Average Trading Volume: 17,159
Technical Sentiment Consensus Rating: Buy
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