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Company News Summary

Liontown Resources Announces Propose Demerger and IPO of Non-Lithium Assets

19 Aug 2021  |  19:10:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Details of Proposed Demerger and IPO of Non-Lithium Assets

Liontown Resources announced that the Company confirmed that it is proceeding with the previously foreshadowed demerger and Initial Public Offer (IPO) of its Western Australian non-lithium exploration assets, being the Moora, Koojan JV and Dingo Rocks Projects as well as the Yalwest (ELA59/2541 and ELA59/2604) tenement applications (Spin-Out Projects). The Company will undertake the demerger via a newly incorporated, wholly owned subsidiary of the Company, Minerals 260. This will occur by way of a pro rata in-specie distribution of shares in Minerals 260 to the Company's shareholders (Demerger). The Spin-Out Projects are currently held by a wholly owned subsidiary of the Company, ERL (Aust) Pty (ERL).

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