on Zeus North America Mining Corp. (isin : CA98956B1031)
Zeus North America Mining Corp Shareholders Approve Strategic Arrangement
On December 19, 2024, shareholders of Zeus North America Mining Corp approved a major strategic plan at a special meeting. The plan, known as the Arrangement, outlines the spin-out of the Chlore Property to Kelso Mining Inc., a subsidiary. This decision follows the Arrangement's initial proposal on August 26, 2024.
Out of the 19 million shares voted (32.25% of total), all supported the plan. Shareholders will receive one Kelso share per 150 Zeus shares owned. This opportunity extends to options and warrant holders who act before the Share Distribution Record Date. Final execution awaits judicial and regulatory approvals, including a court hearing on January 7, 2025.
The goal is to create two focused entities: Zeus in Idaho and Kelso with the Chlore Property, enhancing operational focus and shareholder value.
R. P.
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