Brief: Canasil proposes spin-out transaction for transfer of B.C. Properties to Canmine Minerals
26/07/2017 14:00
July 26 (Reuters) - Canasil Resources Inc CLZ.V
* Canasil proposes spin-out transaction for transfer of B.C.
Properties to Canmine Minerals Inc.
* Canasil Resources Inc - unanimously approved a proposal to
undertake spin-out transaction to segregate British Columbia
properties
* Canasil Resources Inc - undertake a spin-out transaction
to segregate its British Columbia Properties into a separate
company, Canmine Minerals Inc.
* Canasil Resources Inc - consideration for transfer of BC
Properties is proposed to be 50.95 million common shares of
Canmine
* Canasil Resources Inc - current board and management of
canasil will remain unchanged post deal
Source text for Eikon: ID:nCNWtb2Mda
Further company coverage: CLZ.V
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