CAPITAL MARKETS

Mackerel spin-out plan flounders

ZENITH Minerals has blamed market turmoil for its decision to pull the prospectus for its long-planned for spin-out, Mackerel Metals.

 Image by Gaspar Zaldo

Image by Gaspar Zaldo

The junior, which had planned to become a dedicated lithium explorer, said the offer for shares in Mackerel had been negatively impacted by market conditions, so it would refund all subscription amounts...

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