Solstice Minerals Demerger
Demerger Summary - Solstice Minerals Limited
On 22 April 2022, OreCorp completed the demerger of Solstice Minerals Limited (Solstice Minerals) following the in-specie distribution of Solstice Minerals shares to eligible OreCorp shareholders in conjunction with a $12 million, Initial Public Offering undertaken by Solstice Minerals.
Solstice Minerals now holds all of the Western Australian exploration assets previously held by OreCorp, comprising the Yarri, Kalgoorlie, Yundamindra and Ponton Projects. Solstice Minerals shares were distributed to eligible OreCorp shareholders by way of a pro rata in-specie distribution, on the basis of 1 Solstice Minerals share for approximately every 9.94 OreCorp shares held on the in-specie record date of 13 April 2022.
OreCorp shareholders also retained their existing OreCorp shares.
Solstice Minerals (ASX: SLS) commenced trading on the Australian Securities Exchange on 2 May 2022, and both OreCorp and Solstice Minerals now trade independently. Solstice Minerals is a new generation explorer led by a highly experienced board and management team.
For more information visit solsticeminerals.com.au.