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MetalsTech prepares to spin out Canadian cobalt asset

The halt will remain in place until Friday 29th December 2017.
MetalsTech prepares to spin out Canadian cobalt asset
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.

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