Bushveld Minerals Limited (LON:BMN) have today announced an update to the proposed demerger of its tin assets, following the shareholder approval, on 20 October 2017, of the Demerger of its tin-focussed subsidiary, Greenhills Resources Limited, now 100% held by AfriTin Mining Limited (“AfriTin”).
Bushveld is pleased announce the intention by AfriTin to launch an initial public offering (“IPO”).
The IPO fulfils Bushveld’s stated commitment with respect to its tin platform:
· to build a critical mass of tin-resources with a near term production outlook
· to establish a tin-focussed platform and offer Bushveld Minerals Limited shareholders a path to unlocking value in its tin platform
The AfriTin IPO combines a quality portfolio of tin assets with a near term production profile, in sound mining jurisdictions and a solid, proven team to deliver on its strategy of developing a sizable African tin champion.
