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Parkway Minerals NL's spin-out to hit ASX boards today

Parkway Minerals NL (ASX:PWN) recent spin-out, Davenport Resources (ASX:DAV), will hit the ASX boards at 11am AEDT today, Friday 20th January 2017.
Parkway Minerals NL's spin-out to hit ASX boards today
Parkway owns 19.25 million shares in Davenport

Davenport will have circa 33.2 million $0.20 shares on issue when it first trades, following its IPO where over $5 million was raised.

Davenport will focus on potash exploration in the South Harz region of central Germany.

Patrick McManus, managing director for Parkway, commented: "The region has been a significant potash producer in the past and we believe that modern exploration and production techniques may allow a revitalization of the field."

Parkway owns 19.25 million shares in Davenport.

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