Spin out of 40 Mile Zinc Project - base metal.
The Arrangement, if completed, will result in shareholders of Full Metal as at the effective date of the Arrangement (the "Effective Date") being entitled to receive 1/3 of a post-consolidation common share of Full Metal (a "Full Metal Share") and 1/6 of a common share of ZincCo (a "ZincCo Share") for each common share of Full Metal held as at such date.
Using the above..........as an example...........if a person owns 36,000 shares of Full Metal now they will end up with 12,000 shares of Full Metal (post-consolidation) and 2,000 shares of ZincCo.