Marvel Gold Ltd's (ASX:MVL) (FRA:GR2) Phil Hoskins tells Proactive's Andrew Scott they're planning to unlock the value of its advanced Chilalo graphite project in Tanzania by spinning it out into a newly incorporated, wholly-owned subsidiary Evolution Energy Minerals Limited, which proposes to undertake an IPO to facilitate listing on the ASX. Evolution Energy, intends to raise a minimum of $13 million via the IPO. Under a priority offer, Marvel shareholders will be collectively entitled to subscribe for up to $2 million of Evolution shares.
Marvel Gold's Phil Hoskins talks spin out and IPO of Chilalo graphite project
