Posted in | News | Business | Precious Metal | Mining

Eastern Goldfields Completes Spin-Off of Vantage Goldfields

Editorial Checklist Reviewed
Jan 24 2011

Related Stories

Eastern Goldfields, Inc. ("EGI") today announced the completion of its previously announced spin-off of Vantage Goldfields Limited ("VGO"), a gold mining and exploration company domiciled in Australia with operations in South Africa.

The spin-off was effected through the distribution of VGO ordinary shares to EGI's shareholders. EGI shareholders are entitled to receive six VGO ordinary shares for each share of EGI common stock that they own. Before the spin-off, VGO was a wholly owned subsidiary of EGI. As a result of the spin-off, EGI shareholders will become shareholders of VGO directly and EGI will no longer own any VGO shares.

The spin-off was undertaken pursuant to an exemption from registration under United States securities laws. Neither the spin-off nor the VGO shares have been registered with the United States Securities and Exchange Commission. Accordingly, the VGO shares issued in connection with the spin-off are deemed restricted under United States federal securities laws.

Source:

http://www.easterngoldfields.com/

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
(Logout)
Your comment type
Submit

Sponsored Content

Editorial Highlights

The Current State of the Global Semiconductor Market

The Current State of the Global Semiconductor Market

The global semiconductor market has entered an exciting period. Demand for chip technology is both driving the industry as well as hindering it, with current chip shortages predicted to last for some time. Current trends will likely shape the future of the industry, which is set to continue to show

How are Graphene Batteries Made?

How are Graphene Batteries Made?

The primary distinction between graphene-based batteries and solid-state batteries lies in the composition of either electrode. Although the cathode is commonly changed, carbon allotropes can also be employed in fabricating anodes.

Newsletters you may be interested in

See all Newsletters »

Terms

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.

Provide Feedback