IronRidge Resources Ltd (AIM:IRR)'s Vincent Mascolo says they'll be holding its annual general meeting on 18 November in Sydney, ahead of the proposed demerger of the company’s gold assets and a change of name to Atlantic Lithium Limited. The company proposes to demerge the gold into newly created unlisted vehicle Ricca Resources Limited. IronRidge will not retain any interest in Ricca following the proposed transaction. Post the proposed demerger, IronRidge will maintain a strong cash position of around US$22mln.
IronRidge talks gold demerger and name change to Atlantic Lithium
