About three years ago now, right before the big August-September 2008 crash, I had bought some shares of Hinterland Metals, which I later regretted and explained why it became one of the stocks I wish I hadn’t bought.
If you had also bought Hinterland Metals, and you’ve checked into your brokerage account in the last week, you will have noticed that there’s an extra line in there for “Stakeholder Gold Corp (TSXV: SRC).” What happened is that Hinterland Metals (TSXV: HMI) spun out its Yukon gold assets into Stakeholder. So your previous holdings of Hinterland have been divided into Stakeholder and what is now listed as “Hinterland Metals Inc – New.” The new shares of both began trading on June 21, 2011.
From the Hinterland Press Release:
The common shares of Hinterland will continue to trade as HMI, but on a consolidated basis. Stakeholder’s main asset will be a plot about 100km south of Dawson City, while Hinterland is going to focus on the Kipawa Rare Earth Element property in Quebec.
The point of the spin-off was said to be in order to focus the efforts of each company.
For more information, you can even follow Hinterland Metals on Facebook, Twitter, YouTube and Flickr:
- Facebook: http://www.facebook.com/hinterlandmetals
- Twitter: http://twitter.com/hinterland_hmi
- Youtube: http://www.youtube.com/user/HinterlandMetals
- Flickr: http://www.flickr.com/photos/hinterlandmetals/
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