Brief: Great Boulder Says Shareholders Voted To Approve Demerger And IPO Of Yamarna Cu-Ni-Co Project

Great Boulder Resources

11/11/2021 01:25

Nov 11 (Reuters) - Great Boulder Resources Ltd  GBR.AX :
    * GBR CONFIRMS COSMO METALS SPIN-OUT
    * SHAREHOLDERS VOTED TO APPROVE DEMERGER AND IPO OF 100%
OWNED
YAMARNA CU-NI-CO PROJECT
    * COSMO METALS TO RAISE MINIMUM OF A$5M AND UP TO A$7M AT
A$0.20
PER SHARE
    * APPROVED DEMERGER & IPO OF YAMARNA CU-NI-CO PROJECT INTO A
ASX-LISTED BATTERY METAL FOCUSED VEHICLE, COSMO METALS
    * TO RETAIN UPSIDE EXPOSURE TO YAMARNA THROUGH A 41% TO 50%
CORNERSTONE EQUITY HOLDING IN COSMO METALS
    * PETER BIRD TO BE NON-EXECUTIVE CHAIR OF COSMO METALS
    * JAMES MERRILLEES TO BE MANAGING DIRECTOR OF COSMO METALS

Source text for Eikon:  ID:nASX2ZmWqv 
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 ((Reuters.Briefs@thomsonreuters.com;))