Court Approval Received for Chlore Property Spinoff; Record Date Set

Zeus North America Mining Corp. (CSE:ZEUS)(OTCQB:ZUUZF)(FRANKFURT:O92) has received approval from the Supreme Court of British Columbia for its plan to spin off the Chlore Property to its wholly-owned subsidiary, Kelso Mining Inc. The arrangement, dated August 26, 2024, establishes January 29, 2025, as the share distribution record date.

Under the terms of the arrangement, Zeus shareholders will receive one Kelso share for every 150 Zeus shares owned on the record date. The company plans to complete the arrangement and distribute Kelso shares by February 5, 2025. Zeus option and warrant holders who exercise before the record date will be eligible for the same distribution ratio.

Following the spinoff, shareholders will own shares in two public companies: Zeus, focusing on Idaho properties (Cuddy Mountain, Selway, and Great Western), and Kelso, concentrating on the Chlore Property in North-Central British Columbia.



The spinoff of the Chlore Property to Kelso allows both companies to focus on their respective core competencies and properties, potentially leading to improved financial performance for both companies. By separating the properties, both Zeus and Kelso can allocate resources more effectively, leading to targeted exploration and development efforts. This could result in faster progress and better outcomes for each property.

However, the spin-off process also introduces potential risks, such as market volatility, potential dilution, regulatory and legal risks, and operational complexities. Shareholders and investors should carefully consider these factors when evaluating the potential impact of the spin-off on their portfolios.



In conclusion, the court approval for the Chlore Property spinoff is a significant milestone for Zeus North America Mining Corp. and its shareholders. The arrangement allows both companies to focus on their respective core competencies and properties, potentially leading to improved financial performance. However, shareholders and investors should be aware of the potential risks associated with the spin-off process and monitor the market's reaction to the spinoff to assess its true impact on market capitalization and liquidity.