logo-loader
viewMetalsTech Ltd

MetalsTech prepares to spin out Canadian cobalt asset

The halt will remain in place until Friday 29th December 2017.

1514331311_shutterstock_148754153.jpg
The company's shares are in pre-open

MetalsTech Ltd (ASX:MTC) is preparing details in relation to the spin out and ASX listing of iCobalt, with a priority offer to be given to the company's shareholders.

iCobalt focus on the high-grade Bay Lake Cobalt Project in Ontario, Canada.

The spin out is planned for the first half of 2018.

The halt will remain in place until the opening of trade on Friday 29th December 2017, or earlier if an announcement is made to the market.

Quick facts: MetalsTech Ltd

Price: 0.034 AUD

ASX:MTC
Market: ASX
Market Cap: $3.25 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Fertoz continues to plan for the future despite extremely...

Fertoz Ltd (ASX: FTZ) Executive Chairman Patrick Avery joined Steve Darling from Proactive Vancouver on Skype to discuss what has been a very tough weather year for the company. Even with that, Avery says the company has been very busy this year signing a number of distribution...

2 days, 18 hours ago

2 min read