IMX resources' plans to spin-out its undeveloped graphite
projects right into a standalone listed car stays on schedule to finish in may
also 2016.
IMX will set up a subsidiary Graphex Mining to manipulate
the Chilalo graphite task and other graphite assets, with IMX maintaining eighty
two.27%.
Graphex is on target for listing in early may with an IPO to
elevate at least $4.25 million (up to $7 million).
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