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Article: Atlas Minerals Announces Proposed Spin-Off.
- Article from:
- Business Wire
- Article date:
- August 14, 2003
CopyrightCOPYRIGHT 2003 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
DENVER--(BUSINESS WIRE)--Aug. 14, 2003
Atlas Minerals Inc. ("Atlas Minerals" or the "Company") and Atlas Precious Metals Inc. ("APMI") announced today a plan for Atlas Minerals to spin-off to its shareholders its approximately 28.2% interest in APMI. The spin-off will be in the form of a dividend with a record date of September 5, 2003 ("Record Date"), with the distribution expected to occur on November 1, 2003 ("Distribution Date").
Under the spin-off, the Company will distribute to its shareholders as a dividend all of the shares of APMI common stock held by the Company. Based on the Company's outstanding shares at July 31, ...
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