InvestorsHub Logo
Followers 2092
Posts 89903
Boards Moderated 0
Alias Born 12/17/2011

Re: georgie18 post# 1070

Monday, 01/17/2022 5:53:37 AM

Monday, January 17, 2022 5:53:37 AM

Post# of 1150
MWXRF...0667...EDMONTON, Alberta, Jan. 17, 2022 (GLOBE NEWSWIRE) -- Mineworx Technologies Ltd., (the “Company” or “Mineworx“) (TSXV: MWX) (OTCQB: MWXRF) (FSE: YRS WKN: A2DSW3) announces that it has signed a letter of intent to sell the Cehegin Iron Ore Asset in Spain at a valuation of $20,000,000 CDN.

The transaction will have Mineworx receive shares of “NewCo”, a newly formed public company, in which Mineworx proposes to distribute the majority of these shares to Company shareholders as a tax-free return of capital dividend to be distributed upon the listing of NewCo on a Canadian Exchange.

https://www.otcmarkets.com/stock/MWXRF/news/Mineworx-Announces-Sale-of-Cehegin-Iron-Ore-Asset?id=339215

20% of life is what happens to you and 80% is how you react to what happens to you...