Strike Resources (“SRK”) announced some time ago that they are intending to spin off their uranium assets. As I have been led to believe, in order to qualify for this, you will need a minimum of 6,000 shares in the company.
The reason for this, is to reward the larger (“loyal”) shareholders, and remove the minimal shareholding requirements.
GIR has commented that they intend to go down a similar path with their Zinc Co spin-off. My guess is that the minimum holding in GIR could be somewhere around $10,000 to qualify for Zinc Co.
I also understand that the company will be looking into those traders who buy on multiple HINs etc. in order to remove them from getting multiple entitlements.
SRK will be announcing their intentions later next week, so this will be a good guide as to what to expect from GIR.
Cheers – p.t.
Strike Resources (“SRK”) announced some time ago that they are...
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