Spin-Out
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Linear Minerals Corp. Announces AGM Results and Shareholder Approval of Plan of Arrangement
Linear Minerals Corp. shareholders approved a strategic restructuring at their annual meeting, including the spin-out of the Pontax West Lithium Property into a new subsidiary, Westlinear Minerals Corp. (Spinco). Shareholders will receive 1 Spinco share for every 10 Linear shares. Gurminder Sangha and four other directors were re-elected. The arrangement is subject to court and exchange approvals, and the Share Distribution Record Date will be announced later. This move aims to enhance focus and growth potential for both entities.