Established in WA: 2019
|Announced||Bidder||Target||Transaction Type||Total Value|
|11/03/19||Coda Minerals||Gindalbie Metals||Demerger||$0||>>|
BiographyCoda Minerals was a wholly owned subsidiary of Gindalbie Metals. In March 2019 Gindalbie announced a deal under which it would be acquired by Ansteel, prior to which Coda would be demerged by way of a distribution to Gindalbie shareholders. Post implementation of the demerger, it was intended that Coda would be an exploration company with a clear focus on progressing Mt Gunson, in which it has a right to earn up to a 75% interest. Coda intends to apply for admission to the official list of the ASX as soon as practicable after implementation of the demerger.
Biography last updated 11 Sep 2019