Usha Resources is pleased to announce that it has determined March 24, 2023 to be the share distribution record date, with respect to the plan of arrangement among the Company, Formation Metals Inc. and the shareholders of the Company. Under the terms of the Arrangement and upon completion of the share exchange prescribed by Article 3 of the Arrangement, the USHA Shareholders of record at the close of business on the [...]
Usha Resources is pleased to announce that it has obtained the final order from the Supreme Court of BC approving the previously announced proposed spin-out of the Company's wholly owned-subsidiary, Formation Metals, through a plan of arrangement between USHA and FMI. The Company will proceed with completing closing conditions of the Arrangement, including seeking final approval of the Arrangement by the TSX-V. The [...]
Usha Resources is pleased to announce that its shareholders have approved the previously announced proposed spin-out of the Company's wholly owned-subsidiary, Formation Metals, through a plan of arrangement between USHA and FMI. The special resolution was approved at the Company's annual general and special meeting of its shareholders which was held on December 16, 2022 by 99.76% of the votes cast. Upon completion of the [...]
Usha Resources is pleased to announce unanimous Board of Director approval and support for its previously announced spin-out transaction and that the Company has now entered into an arrangement agreement with its wholly-owned subsidiary, Formation Metals Corp, to transfer the Nicobat Nickel-Copper-Cobalt property to FMC. Under the terms of the Arrangement dated May 10, 2022, USHA shareholders will be issued one share of [...]
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