Marvel Gold Ltd plans to unlock value of Chilalo Graphite Project through spin out and IPO
Marvel Gold plans to unlock value of Chilalo Graphite Project through spin out and IPO Chilalo Graphite Project is a fully permitted, world-class graphite asset in Tanzania, with expenditure to date exceeding A$21 million. The proposed initial public offering of Evolution aims to raise a minimum of $13 million, with the potential to accept over-subscriptions. Marvel Gold Ltd (ASX:MVL) (FRA:GR2) plans to unlock the value of its advanced Chilalo Graphite Project in Tanzania by spinning it out into a newly incorporated, wholly-owned subsidiary Evolution Energy Minerals Limited, w...
Source: proactiveinvestors.com.au