Brief: Kalamazoo Resources To Spin Out Australian Lithium Projects Into New ASX-Listed Company

Kalamazoo Resources

08/05/2023 08:37

May 8 (Reuters) - Kalamazoo Resources Ltd  KZR.AX :
    * TO SPIN OUT ITS AUSTRALIAN LITHIUM PROJECTS INTO A NEW
ASX-LISTED EXPLORATION COMPANY
    * AGREEMENT ENTERED WITH TSX-LISTED CANADIAN GOLD MINER
KARORA
RESOURCES INC
    * SPIN OFF OF AUSTRALIAN LITHIUM PROJECTS INTO A NEW
ASX-LISTED
EXPLORATION CO VIA DEMERGER AND CONCURRENT IPO OF KALI METALS
LTD
    * IPO OF KALI METALS LIMITED TO RAISE A$10 MILLION TO A$12
MILLION
    * KALAMAZOO TO OWN 55% OF KALI

Source text for Eikon:  ID:nASX4159ng 
Further company coverage:  KZR.AX 

 ((Reuters.Briefs@thomsonreuters.com;))