09:29 AM EST - Usha Resources Ltd. : Reported it is pursuing a listing of its securities on the Australian Securities Exchange. The Company's push for a fourth exchange listing comes on the heels of recent news announcing an upcoming share distribution record date of March 24, 2023, with respect to the plan of arrangement among the Company, Formation Metals Inc. and the shareholders of the Company, whereby USHA Shareholders of record at the close of business on March 24, 2023 will receive one common share of FMI with respect to every five common shares of USHA held on the Record Date, with fractions rounded down to the nearest whole number. For example, upon completion of the Arrangement, for each 10,000 common shares of USHA owned on the Share Distribution Record Date, the USHA Shareholder will own 2,000 common shares of FMI. USHA Shareholders must hold their USHA common shares on the Record Date in order to receive their pro rata portion of the FMI common shares being distributed pursuant to the Arrangement. Usha Resources Ltd.
shares V.USHA are trading up 2 cents at $0.33.
Full Press Release: https://www.baystreet.ca/quotedata/quote.aspx?ticker=USHA%3ACA&qmodStoryID=4997210711386983
