Replies to post #573 on Grid Battery Metals Inc (EVKRF)

[ProfitScout]

Really great to see in today's EVKRF news that the company has re-confirmed the details of its upcoming spin-off dividend. This is an outstanding bonus reward for EVKRF shareholders.

From the news:

Grid's wholly-owned subsidiary, AC/DC Battery Metals Inc. ("AC/DC"), will carry out the proposed fourth phase exploration plans in 2024. This exploration program will take place following Grid's proposed subsidiary Spin-out plan originally announced on September 28, 2023. As part of the proposed Grid Spin-out plan, current Grid shareholders will receive a common share dividend in AC/DC shares representing a proportionate value in this new public company. This overall transaction is proposed to give our shareholders a bonus - a share in another public company for no additional cost. In order to fund its operations going forward, AC/DC also plans to complete a private placement financing as part of the overall transaction.