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Leyshon - post demerger update

By Tom Winnifrith | Friday 7 February 2014


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Leyshon Resources (LRL) has updated that cash balances totalled $36.20 million as at the end of 2013, $2.15 million lower than three months prior after particularly $1.79 million of exploration and evaluation spending in the quarter. However, a demerger has subsequently been implemented – with shareholders receiving a share in Leyshon Energy (LEN) for each share held in Leyshon Resources. 



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