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Press Release - MINING COM
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Fabled Silver Gold Corp: Fabled Silver Gold Announces Closing of $6 9 Million Private Placement in Connection with the Proposed Spin-Out of Copper Assets
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Fabled Silver Gold Announces Closing of $6 9 Million Private Placement in Connection with the Proposed Spin-Out of Copper Assets
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Fabled Silver Gold Corp. Announces Proposed Spinout of Copper Assets into Fabled Copper Corp.
VANCOUVER, BC / ACCESSWIRE / May 19, 2021 / Fabled Silver Gold Corp. (
Silver or Company ) (TSXV:FCO; OTCQB: FBSGF, and FSE: 7NQ) is pleased to announce that its Board of Directors has unanimously approved a proposed spinout of its copper assets in northern British Columbia, referred to as the Muskwa Project, into Fabled Copper Corp. (
Copper or SpinCo ) through a statutory plan of arrangement (the Arrangement ).
Common shares of Copper (the SpinCo Shares ) will be distributed to shareholders of the Silver ( Shareholders ) on the basis of one Copper share for every five common shares of Silver held. At the time the Arrangement becomes effective at the special Shareholders meeting, Shareholders will own shares in both companies, Silver and Copper.
Fabled Silver Gold Corp Announces Proposed Spinout of Copper Assets into Fabled Copper Corp
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