RE:Spin Out "Cranbrook, British Columbia (FSCwire) - The Board of Directors of Eagle Plains Resources Ltd. (TSX-V:EPL) (the "Company" or "Eagle Plains") is pleased to announce a proposed arrangement to reorganize certain Saskatchewan mineral property assets in an effort to maximize shareholder value. Under the proposed arrangement, mineral properties targeting primarily gold will be transferred into a new company, incorporated under the name Taiga Gold Corp. (“Taiga”).
The arrangement contemplates Eagle Plains shareholders of record on closing of the arrangement receiving one share of Taiga for every two Eagle Plains shares held (subject to various approvals and conditions met). Taiga would apply to have its shares listed on the TSX Venture Exchange. Eagle Plains is expected to retain approximately 20% of the outstanding shares of Taiga. It is anticipated that the arrangement will be completed in early 2018 and would not trigger a taxable event."
Another Copper Canyon (CPY)? That spinout, in 2010, was in an unserviced area of northern BC, the mineral was copper, but it took EPL to $1.27.
This Taiga Gold Corp spinout has an adjacent producing gold mine (Seabee) and is on a stucture (Tabbernore Fault) related to the historic Homestake Mine.
Looks like another winner, IMHO.