Starcore Announces Spin-Out of African Properties
Starcore International Mines Ltd. plans to spin out its Côte d’Ivoire exploration interests, covering 1,393 km² including the Kimoukro Gold Project, into a new subsidiary, EU Gold Mining Inc., which will seek a separate Canadian listing. Starcore shareholders will receive one EU Gold share for every two Starcore shares. The move allows Starcore to focus on its Mexican gold and silver assets, while EU Gold develops African properties. The spin-out requires shareholder and regulatory approvals.