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post Posted: Sep 10 2021, 09:01 PM
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Minerals 260 Limited (MI6) was incorporated as a wholly owned subsidiary of Liontown Resources Limited (ASX: LTR) in June 2021 for the purpose of spinning out certain assets held by Liontown, including 100% of the Moora Gold Nickel Copper PGE Project, an option to earn a 51% interest in the Koojan Gold /Nickel /Copper /PGE Project, the Dingo Rocks Project and tenement applications at Yalwest.

The spin out will occur by way of a pro rata in specie distribution of shares in Minerals 260 to Liontown shareholders. In conjunction with the proposed Demerger, Minerals 260 intends to undertake an IPO and will make an application for admission to the Official List of the ASX.

Listing date.... 11 October 2021 #

Company contact details ....
Principal Activities .... Minerals 260's main business activity is mineral exploration and development.

Issue Price ... AUD 0.50
Issue Type ... Ordinary Fully Paid Shares
Security code ... MI6
Capital to be Raised ... $15,000,000

Expected offer close date ... 22 September 2021

Underwriter... Not underwritten. Bell Potter Securities Limited (Lead Manager)

"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

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