Usha Resources CEO Deepak Varshney joined Steve Darling from Proactive to share news the company has announced March 24 as the day for the share distribution record date in the spin-out of Formation Metals Inc. Varshney also told Proactive that Usha shareholders of record at the close of business on the record date will receive 1 common share of Formation with respect to every 5 common shares of USHA Resources.
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