CSE:NORD - Post Discussion
Post by
Betteryear2 on Feb 27, 2023 5:09pm
Brascan Announces Proposed Spin-Out of Alegre Gold Project
Vancouver, British Columbia--(Newsfile Corp. - February 27, 2023) - Brascan Gold Inc. (CSE: BRAS) ("Brascan" or the "Company") is pleased to announce that its board of directors has approved, in principle, a strategic reorganization of the Company's assets pursuant to which the Company would spin off its Alegre Gold project in Para State, Brazil (the "Alegre Property") into a newly created entity ("SpinCo"), which would seek an independent listing on the Canadian Securities Exchange (the "Spin-Out"). In connection therewith, the Company would change its name to "Brascan Resources Inc." and would continue to hold its interests in Quebec-Li properties in northern Quebec and the Albany Forks Rare Earth Elements (REE) property in northern Ontario, with a view to focusing on only battery metals and similar projects, with SpinCo focusing entirely on gold projects. Brascan Announces Proposed Spin-Out of Alegre Gold Project (newsfilecorp.com)
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