RE: Ethiopian Spinout?Did a little further research and found the report from August. Should be interesting to see this play out. Looks good to me.
Once the Harvest consideration is released from escrow, Canaco will consider options for maximizing the value of the acquisition for Canaco shareholders, including the possible spin out its Ethiopian assets into a new public company. The spin-out strategy will allow Canaco to continue focusing on its promising gold exploration properties in Tanzania and the spin-off company to focus on its Ethiopian mixed mineral resource properties. If the spin out strategy is selected, all existing shareholders of Canaco will own shares of a company which will be listed for trading on the TSX Venture Exchange. The Company is currently pursuing legal and tax advice as to the exact corporate procedures it will undergo to achieve the spin-out in the most expeditious manner with the lowest tax consequence possible. The spin-out will be subject to applicable shareholder and regulatory approvals.