Ardea saddles up Godolphin for demerger

GODOLPHIN Resources is the name Western Australian nickel-cobalt hopeful Ardea Resources has chosen for the planned spin-out of its sprawling New South Wales-focused gold and base metal assets.

Ardea saddles up Godolphin for demerger Ardea saddles up Godolphin for demerger Ardea saddles up Godolphin for demerger Ardea saddles up Godolphin for demerger Ardea saddles up Godolphin for demerger

The spin-out will focus on NSW.

The junior has revealed its specific plans for the initial public offer of Godolphin, including an in-specie distribution at no cost to existing Ardea shareholders, who will also have a priority right