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J2 Metals Incorporation ( (TSE:JTWO) ) has issued an update.
J2 Metals Inc. has received court approval for a plan of arrangement with Twenty Mile Metals Inc., which involves distributing 5,000,000 shares to its shareholders, effectively spinning out Spinco as an independent entity. The completion of this arrangement is contingent upon several conditions, including TSX Venture Exchange approval and a successful private placement by Spinco, potentially impacting the company’s market positioning and shareholder value.
More about J2 Metals Incorporation
J2 Metals Inc. is a Vancouver-based mineral exploration company focused on discovering critical minerals and precious metals in mining-friendly regions of Canada and the United States.
Average Trading Volume: 29,452
Technical Sentiment Signal: Buy
Current Market Cap: C$2.83M
See more insights into JTWO stock on TipRanks’ Stock Analysis page.