Markets

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.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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