NSGold Sets Record Date for "Spin-out" of Shares of NSX Silver
NSGold Corporation (NSX.V) today announced that its Board of Directors has approved the distribution by NSGold to its shareholders of a total of 43,413,767 common shares of NSX Silver and set March 16, 2012 as the record date for the share distribution. The share distribution will complete the "spin-out" by NSGold to its shareholders of the shares of its wholly-owned subsidiary NSX Silver.
After the distribution, NSGold will hold approximately 2,015,000 shares of NSX Silver.
NSX is now trading at 46 cents, down 3% from yesterday's close. Over 7,000 NSX shares have already changed hands.
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