NGEx Resources Announces Proposed Spin-Out of Los Helados and Its Other Exploration Properties
Vancouver – April 17, 2019 /CNW/: NGEx Resources Inc. (TSX: NGQ, Nasdaq Stockholm: NGQ) ("NGEx”, or the “Company”) is pleased to announce its intention to spin out its Los Helados Project and exploration portfolio into a wholly-owned subsidiary of NGEx, 11264796 Canada Inc. (“Spinco”), through a Plan of Arrangement under the Canada Business Corporations Act (the “Arrangement”). The Arrangement is designed to deliver greater value to shareholders by unlocking the value of the Los Helados Project moving forward. In parallel, the Company believes that additional value will be created at NGEx