SYDNEY, AUSTRALIA: Chalice Mining Limited (OTCQB: CGMLF) notified the demerger of Falcon Metals Ltd (ASX: FAL) from Chalice has been completed.
The in-specie distribution of Falcon Shares to eligible Chalice shareholders was completed in conjunction with the issue of shares to participants in the $30 million Initial Public Offering undertaken by Falcon.
Falcon is expected to be admitted to the official list of ASX on Monday, 20 December 2021 with the ASX code “FAL”.
The admission of Falcon to the official ASX and quotation of its shares is subject to and conditional on the satisfaction of ASX’s listing conditions.
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