The management of Aaron Oil (ASE) has decided to divide the company’s oil, gas and mining assets into two separate companies.
The division is planned to enhance shareholder value and increase financing opportunities.
Aaron has retained Credit Lyonnais Laing in London, England, to evaluate its mining assets, which include diamond properties in the Lac de Gras area of the Northwest Territories and the Fort a la Corne area of Saskatchewan. Aaron has 13.7 million shares outstanding and, at presstime, was trading at $1.75.
Be the first to comment on "LAST BUT NOT LEAST — Aaron to split assets"