SMH · general
Red Metal spins out Maronan share bounty for holders
2 hours ago
Red Metal Limited announced a major in-specie distribution of its Maronan Metals shares to investors, set for approval on May 14. Shareholders will receive one Maronan share for every 5.25 Red Metal shares held. This move aims to enhance Maronan’s shareholder base and allow Red Metal to focus on its Sybella rare earth project.
Summary by Glance · Original reporting by SMH
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