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Cadence Minerals PLC - London based identifier, investor, and developer of rare-earth assets - Says subsidiary Macarthur Lithium Pty Ltd, which holds the company's Pilbara Assets, will be renamed Infinity Mining Ltd and converted to a public company. Under the agreement, Infinity proposes to undertake an initial public offering and make application for listing on the Australian Securities Exchange in the coming months.
Says Perth-based CPS Capital Group to manage ASX listing for the proposed spin out of the Pilbara gold, copper and lithium tenements. Company will provide further details with respect to the spin out transaction and IPO listing in due course.
Current stock price: 28.25 pence
Year-to-date change: up 85%
By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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