Zeus North America Mining Corp. Announces Spin Out of the Chlore Property to Subsidiary

VANCOUVER, BC / ACCESSWIRE / August 27, 2024 / Zeus North America Mining Corp. (CSE:ZEUS) has announced a Plan of Arrangement to spin out its Chlore Property in British Columbia to its subsidiary, Kelso Mining Inc.

Zeus' shareholders will receive one share of Kelso for every 150 shares of Zeus they own. Holders of options and warrants who exercise them before the record date will also benefit. The Chlore Property will be fully transferred to Kelso following the arrangement.

Upon completion, Zeus shareholders will own shares in Zeus, focusing on Idaho properties, and Kelso, concentrating on the Chlore Property.

This arrangement requires approval from Zeus' shareholders, the Supreme Court of British Columbia, and the Canadian Securities Exchange.