QualityStocksNewsBreaks – MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) Plans to List Zinc-Air Fuel Cell Division; Issue Dividend to Shareholders
Diversified resource and technology company MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) this morning announced that it intends to publicly list its wholly owned subsidiary ZincNyx Energy Solutions Inc. and pay a partial share dividend of ZincNyx directly to MGX shareholders of record. The company plans to immediately dividend a portion of shares in the current privately held subsidiary as part of a one-time distribution to existing shareholders, resulting in a new publicly-traded company that will be primarily owned by MGX and its shareholders of record. The date of record for the share dividend distribution will be announced…
