BRIEF-NGEx Resources announces proposed spin-out of Filo del Sol Project

Mon Jun 13, 2016 9:12pm EDT
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June 13 (Reuters) - NGEx Resources Inc

* Announces proposed spin-out of Filo del Sol project

* To spin out wholly owned Filo del Sol property into a wholly owned subsidiary of NGEx, Filo Mining Corp

* Filo Mining will hold a 100% interest in Filo del Sol project and focus on advancement of this project

* NGEx intends to distribute 100% of common shares of Filo Mining it receives to NGEx shareholders on a pro rata basis Source text for Eikon: Further company coverage: (Bengaluru Newsroom +91 80 6749-1130; within U.S. +1 646 223 8780)