Nevada King Gold Corp (TSE:NKG) has released an update.
Nevada King Gold Corp. has announced a strategic reorganization, spinning out its non-Atlanta claims into a new subsidiary, SpinCo, providing shareholders with stakes in two companies. SpinCo will inherit the vast majority of Nevada King’s mineral claims, becoming the third largest in Nevada and aiming to advance projects with significant exploration and discovery potential. The spin-out, pending shareholder and regulatory approval, will not affect Nevada King shareholders’ current holdings and is expected to be completed by late July 2024.
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