Company News Summary
Metals X Provides Update on Demerger
Original announcement: Demerger Update
Metals X announced that the effect to a demerger of its gold assets with the aim of creating a separate ASX-listed gold entity, Westgold Resources (Westgold), while the Company will continue to hold its base metals assets (Demerger). The Notice of Meeting for the upcoming Extraordinary General Meeting will be held on 24 November 2016, where the Company's shareholders will vote on whether to approve the Demerger, has been sent to shareholders and is available on the Company's website or via the ASX Announcements Platform. The proceeds of the sale of Westgold Shares on behalf of Ineligible Overseas Shareholders will be remitted to each Ineligible Overseas Shareholder as soon as practicable following the sale of those shares.
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