Fosterville South Spins Off Two Projects, Stock Explodes

Australia-focused gold miner Fosterville South Exploration (TSXV: FSX) is spinning off two gold projects to create a new company to be listed on the TSX Venture Exchange.

On Tuesday, the company’s board of directors unanimously approved a spin-out transaction whereby Fosterville will distribute shares of a new company – Leviathan Gold – to its shareholders on a one-for-one basis.

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