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02 Nov
13:26

First Energy Metals advancing corporate restructuring plan

First Energy Metals is proceeding with a corporate restructuring, Kallanish reports. The British Columbia-based company is planning to spin off its exploration properties in Quebec and Ontario and to form a separate, wholly owned subsidiary. That will happen after the company completes a consolidation of its common shares on the basis of 3.8 existing common shares for 1 post-consolidation common share. The company has a total of 85.064 million common shares issue…
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