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