26th Oct 2021 15:59
IronRidge Resources Ltd - minerals exploration company with projects in Chad, Ghana and Ivory Coast - Calls annual general meeting for November 18 and asks shareholders to vote on proposals to demerge its gold assets and change the name of the remaining company, which will focus on lithium. The demerged gold company will be called Ricca Resources Ltd, with its shares distributed directly to IronRidge shareholders. Ricca will conduct an equity raise but will remain unlisted for now. It will have assets in Chad and Ivory Coast. Ironridge, which will have no interest in Ricca, will change its own name to Atlantic Lithium Ltd, focused on the Ewoyaa lithium project in Ghana. The split was spurred by IronRidge's recent agreement for Piedmont Lithium Inc to fully fund Ewoyaa.
Current stock price: 17.80 pence, down 3.7% on Thursday
Year-to-date change: up 42%
By Tom Waite; [email protected]
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