Spinoffs

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stockpuppy Posted: March 1, 2007 7:31:00 PM


Rank: Advanced Member

Joined: 25/02/2007
Posts: 396
Location: Toronto
I figured since I have seen a few spinoff lately that I would start a new topic on it.

We recently had the NWI spinoff of NI and coming soon to the TSX, we have SPX, PAX, and DNY.

If there are any other ones out there it would be great to know.

Cheers.


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Sponsor Posted: March 1, 2007 7:31:00 PM


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cvac01 Posted: March 4, 2007 10:21:04 PM

Rank: Member

Joined: 01/03/2007
Posts: 97
Skygold's 30% JV partner on the spanish mountaing property Wildrose (WRS) recently spun off all their other projects into a seperate company called Cariboo Rose (CRB.V).

Here is the news release:

The TSX Venture Exchange has given its final required approval to the Wildrose Resources Ltd. plan of arrangement, which provides for the creation and listing of the shares of a new company, Cariboo Rose Resources Ltd. The shares of Cariboo Rose Resources Ltd. will commence trading on the Exchange on December 4, 2006 under the TSX-V trading symbol - CRB.

Under the Plan of Arrangement, Wildrose retains ownership of its interest in the Spanish Mountain gold project near Likely, BC, and Cariboo Rose receives $1,000,000 of exploration funding and the remainder of Wildrose's British Columbia and Yukon mineral projects. These include the Woodjam gold-copper project, near Horsefly, BC, the Carruthers Pass project in north-central BC, the Canadian Creek copper-gold-molybdenum project in the Yukon and the Cowtrail and Pat projects in the Cariboo district of central BC.

The effective date of the plan of arrangement has been set as November 30, 2006, which has also been determined as the record date for shareholders to participate in the plan of arrangement. Shareholders of record on November 30, 2006 will subsequently receive one share of Cariboo Rose for every share of Wildrose that they own, while still retaining their Wildrose shareholdings. Purchasers of Wildrose shares after that date will not receive Cariboo Rose shares pursuant to the plan of arrangement.

There are currently 20,683,648 shares issued in Wildrose, and Cariboo Rose will be issuing an equivalent number of shares.

Glen Garratt, Vice-President, Wildrose Resources Ltd.

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calgarylady Posted: March 6, 2007 6:56:44 PM


Rank: Senior Analyst

Joined: 24/02/2007
Posts: 379
Location: Calgary
SST - Silverstone is a spinoff from CS - Capstone and CAO - Cadiscor was a spinoff from RSC - Strateco

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Risk comes from not knowing what you're doing -
Warren Buffett
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Shaun Posted: March 9, 2007 11:33:00 AM

Rank: Junior Member

Joined: 26/02/2007
Posts: 27
Location: Canada
Is it better to buy before the spin-off or after? I purchased stock of NUINSCO RESOURCES LIMITED before the spin-off only to see it drop after it was done. I guess the better question is? How many people sold stock took the profit only to buyback once all the hype was over?
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stockpuppy Posted: March 9, 2007 2:24:56 PM


Rank: Advanced Member

Joined: 25/02/2007
Posts: 396
Location: Toronto
I have NWI too, when it did the spin off I sold my NI and bought more NWI.

Certainly if you look at this example it maybe would have been better to sell before the NWI spinoff in the short term.

I think there is alot of value if you are long in both NI and NWI.

I am fairly new to spinoffs but from what I see there usually is a nice run up just prior to the Spinoff.

Look at SPX, so far it has been been pretty flat and the spinoff is supposed to be coming in late March or April.

I think the best way is to do the DD on the company, that should give you an idea either to sell or hold in regards to the spinoff.

I am sure their are quite a few members on this board that have seen spinoffs, let's see what they have to say.

Cheers.


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blindboy Posted: March 9, 2007 2:29:10 PM


Rank: Senior Analyst

Joined: 26/02/2007
Posts: 10,735
Location: edmonton, ab
the only way you actually participate in the actual spinoff is to buy the original stock prior to spinning off the secondary company(s) as a stock dividend.

upon spinoff, the original company would theoretically drop in price by the amount of the secondary company, but over time, both companies would then rise to meet their potential.

e.g. I held PSM before the UEX spinoff. PSM moved from under a dime to around 0.30. Shortly after spinoff, UEX was around a dime and PSM around 0.20. Ultimately, though, PSM ran to around 1.40 and UEX close to 7.00. (Unfortunately, I was all out well before a buck though).

similarly, Expatriate Resources was around 0.30 when it announced its intention to create two spin-offs: Pacifica to hold the non-Yukon base metal properties, and StrataGold to hold the precious metals properties, on a pro-rata of about 1 of each spin for 10 Expatriate.

following the spinoff, Expatriate renamed itself to Yukon Zinc. Their markets slumbered for a time, but ultimately YZC peaked at 1.01, PAX at 1.70, and SGV at 0.90

in both examples, the companies were wildly successful at improving shareholder value through the spinoffs.
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mouser Posted: March 10, 2007 9:04:50 PM


Rank: Senior Analyst

Joined: 26/02/2007
Posts: 738
Location: Valemount
Been involved in a couple of spinoffs , and the one that came to mind was EPL when they spun off CPY , or Copper Canyon. I bought in aroumd .50 just prior to annouoncement of the intended spinoff- immediatley after CPY ran up to 1.20 and EPl was around .75 So it turned out ot be a 4 -bagger had i cashed in everything then. I feared the selloff so sold EPL and kept the free shares in CPY which subsequently also tanked down to .60 where it bottomed. Now on the way back up , as is EPL which also bottomed recently around .45
Another was WLF before their spinoff - only now starting to regainwhat it lost after the spinoff. It really seems the markets dont like these.
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Goldeneye Posted: March 10, 2007 9:47:34 PM


Rank: Member

Joined: 09/03/2007
Posts: 76
Location: Beautiful B. C.

I hear ya ... Both Victory Nickel and Nuinsco have gone down in price since the 'spin off'
This also happened with Rubicon Minerals, RMX when it spun off into 3 parts..
I noticed that both these companies share price increased in the weeks prior to the spin off and seemed to drop back after...

Prior to the recent correction I noticed that Strathmore was steadily climbing after they announced they will be doing a spin off... I was left wondering if this is the 'trend' with Spin off's..
I lucked out and sold half my STM before this recent correction within a few cents of the high ....

I've wondered if the trend is for the stocks to move higher on spin off news, go up a tad just after and then steadily drops then goes sideways for a while, before taking off..... In which case wouldn't it be best to sell prior to a 'spin off' and pick back up a few weeks after ?

Cheers

Goldeneye

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bamako Posted: October 1, 2007 1:02:58 AM


Rank: Senior Analyst

Joined: 23/02/2007
Posts: 1,383
sac is a spinoff from general minerals, not known as sprott. hvg is a spinoff of vms. escondoro resources will be a spinoff of ple.

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BUDDIEE Posted: October 15, 2007 10:38:46 PM

Rank: Member

Joined: 26/02/2007
Posts: 70
bamako wrote:
sac is a spinoff from general minerals, not known as sprott. hvg is a spinoff of vms. escondoro resources will be a spinoff of ple.


didn't realize that v.HVG was a spinoff of v.VMS ? thanks for that info.


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coop Posted: October 17, 2007 1:13:54 PM

Rank: Advanced Member

Joined: 26/02/2007
Posts: 330
Location: ontario
Oct 09, 2007 10:47 ET
Freewest Resources Announces Filing of Quest Uranium Corporation Preliminary Prospectus
MONTREAL, QUEBEC, CANADA--(Marketwire - Oct. 9, 2007) - Freewest Resources Canada Inc. (TSX VENTURE:FWR) announces that it and Quest Uranium Corporation, a wholly-owned subsidiary of Freewest, have filed a preliminary prospectus with the securities commissions of each of the provinces of Canada. The prospectus will qualify the distribution by Freewest of 6,000,000 common shares of Quest to the shareholders of Freewest, who will receive one common share of Quest for approximately every 25 issued and outstanding Freewest shares on the distribution record date.

The record date for the distribution of the Quest Uranium shares will be set by the Board of Directors of Freewest in accordance with the policies of the TSX Venture Exchange. Freewest will issue a press release announcing the record date.

Quest Uranium Corporation was incorporated in June 2007 as a wholly-owned subsidiary of Freewest, with the intention of taking over the uranium assets and exploration activities currently carried on by Freewest, so that Freewest can devote itself solely to exploration for precious and base metals. Prior to the distribution record date, Quest Uranium will acquire the George River property from Freewest, as well as five uranium properties in Ontario and one uranium property in New Brunswick. The properties to be transferred by Freewest to Quest Uranium comprise Freewest's portfolio of uranium exploration properties and after the transfer, Freewest does not intend to be directly involved in uranium exploration. Freewest will retain rights to precious metals and base metals with respect to the George River property and the six other uranium properties.

The prospectus will also qualify a rights offering by Quest Uranium to its shareholders, under which each shareholder will receive one right for each issued and outstanding common share. Each right will give the holder the right to subscribe for one additional common share of Quest Uranium at a price of $0.15 per share. If the rights offering is fully subscribed, Quest Uranium will issue 6,000,000 common shares for gross proceeds of $900,000.

In connection with the rights offering, three senior officers and/or directors of Quest Uranium will enter into a standby purchase agreement with the company, under which they will agree to purchase, at the subscription price of $0.15, a number of common shares that is equal to the difference between 3,500,000 common shares ($525,000) and the number of common shares otherwise purchased under the rights offering. As a result of the standby purchase agreement, Quest Uranium will raise a minimum of $525,000 under the rights offering.

Quest Uranium also intends to effect a private placement of 4,750,000 "flow-through" shares and 250,000 common shares at a price of $0.30 per share, for gross proceeds to Quest Uranium of $1.5 million. The net proceeds from the private placement will be used to fund exploration on the George River property.

If the rights offering and private placement are fully subscribed, there will be 21 million issued and outstanding common shares of Quest. Of these, Freewest's shareholders will hold an aggregate of six million shares (28.6%), Freewest will hold four million shares (19%), subscribers in the rights offering will hold an aggregate of six million shares (28.6%), and subscribers in the private placement will hold an aggregate of five million shares (23.8%).

The rights offering by Quest Uranium, the distribution by Freewest of 6,000,000 Quest Uranium common shares to the shareholders of Freewest, and the proposed private placement by Quest Uranium are subject to regulatory approval, including that of the TSX Venture Exchange.

In response to inquiries from shareholders, Freewest also wishes to announce that its Board of Directors is not currently considering any changes to Freewest's outstanding share capital, whether by share consolidation or otherwise.

About Freewest Resources Canada Inc.

Freewest Resources Canada Inc. is a Canadian-based mineral exploration company focused on acquiring, exploring and developing quality gold, base-metal and uranium properties. Exploration is focused on these commodities in classical geological settings with established mineral endowment within Eastern Canada.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction. The common shares being offered have not been and will not be registered under the U.S. Securities Act of 1933 and state securities laws. Accordingly, the common shares may not be offered or sold to U.S. persons except pursuant to applicable exemptions from registration.

Forward-Looking Statements

This press release may contain information and statements of a forward-looking nature concerning the future performance of Freewest Resources Canada Inc. and Quest Uranium Corporation. These statements are based on suppositions and uncertainties as well as on management's best possible evaluation of future events. As a result, readers are advised that actual results may differ from expected results.


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.


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coop Posted: December 3, 2007 8:28:53 AM

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Joined: 26/02/2007
Posts: 330
Location: ontario


Nov 30, 2007 18:48 ET
Freewest Resources Announces Distribution of Quest Uranium Shares to Freewest Shareholders
- Quest Uranium Files Final Prospectus for Rights Offering

- TSX Venture Exchange conditionally approves listing of Quest Uranium common shares
MONTREAL, QUEBEC--(Marketwire - Nov. 30, 2007) - Freewest Resources Canada Inc. (TSX VENTURE:FWR) and Quest Uranium Corporation (TSX VENTURE:QUC) announce that the Board of Directors of Freewest has given final approval for the distribution by Freewest to its shareholders of an aggregate of approximately 6,256,000 common shares of Quest Uranium currently held by Freewest.

Freewest will distribute approximately 6,256,000 Quest Uranium common shares to Freewest's shareholders. Each Freewest shareholder of record at the close of business on December 10, 2007 will receive one common share of Quest Uranium for every 25 common shares of Freewest held. No fractional common shares will be distributed in connection with the distribution and shareholders of Freewest will not receive any payment in lieu of fractional shares to which they would otherwise be entitled. After the distribution, Freewest will hold approximately 3,744,000 common shares of Quest Uranium.

Freewest's registered shareholders will receive share certificates representing their Quest Uranium shares by mail shortly after the December 10, 2007 record date. Freewest's beneficial shareholders should contact their securities dealers regarding their Quest Uranium shares.

Quest Uranium announces that it has filed a final prospectus dated November 29, 2007 with the securities commissions of each of the provinces of Canada for a rights offering in a maximum amount of $938,400. Each shareholder of record of Quest Uranium on December 10, 2007 will receive one right for each common share held. Each right will entitle the holder to acquire one additional common share of Quest Uranium at a price of $0.15 until January 4, 2008. The prospectus will be available under Quest Uranium's company profile on SEDAR at www.sedar.com .

The TSX Venture Exchange has approved the listing of the common shares of Quest Uranium subject to, among other standard listing conditions, the completion of the rights offering and private placement for aggregate minimum gross proceeds of $2,025,000 and evidence of satisfactory distribution of at least 200 public shareholders of Quest Uranium each holding a board lot.

In connection with the rights offering, Quest Uraniuam has entered into a Standby Purchase Agreement with Mackenzie I. Watson, the President of Quest Uranium, Ronny Kay, the Chief Financial Officer, and Michael Pesner, a director of Quest Uranium, under which they have agreed to purchase shares in an aggregate amount of $525,000, to the extent that shares are available following the closing of the rights offering.

Quest Uranium is also effecting a private placement of a maximum of 5,000,000 "flow-through" common shares at a price of $0.30 per share, through Union Securities Inc. as agent. In connection with the private placement, Quest Uranium will pay a cash commission to Union Securities in an amount equal to 7% of the total proceeds of the private placement, and grant Union Securities an option to acquire a number of shares equal to 5% of the number of shares issued in the private placement, which option may be exercised at a price of $0.30 per share for a period of 15 months from the closing of the private placement.

If the rights offering and private placement are fully subscribed, there will be 21 million common shares of Quest Uranium issued and outstanding. Of these, it is expected that Freewest's shareholders will hold, in the aggregate, 29.8% of the Quest Uranium shares, Freewest will hold 17.8%, investors in the rights offering will hold 28.6% and investors in the private placement will hold 23.8% of the shares.

The distribution by Freewest of approximately 6,256,000 common shares of Quest Uranium will not affect Freewest's issued and outstanding shares. It is possible that those who have engaged in short selling of the shares of Freewest Resources may not be able to cover their short positions, in light of the dividend declaration, until such time, if any, as Quest Uranium is listed on the TSX Venture Exchange.

Quest Uranium was incorporated in June 2007 as a wholly-owned subsidiary of Freewest with the intention of taking over the uranium assets and exploration activities currently carried on by Freewest, so that Freewest can devote itself solely to exploration for precious and base metals. Prior to December 10, 2007, Quest will enter into an agreement with Freewest with respect to the acquisition by Quest of: (i) the George River property, in respect of which a technical report has been prepared in conformity with National Instrument 43-101, "Standards of Disclosure for Mineral Projects"; and (ii) five uranium properties in Ontario and one uranium property in New Brunswick. The properties to be transferred by Freewest to Quest Uranium comprise Freewest's portfolio of uranium exploration properties and after such transfer, Freewest does not intend to be directly involved in uranium exploration. Freewest will retain rights to precious metals and base metals with respect to the George River property and the six other uranium properties. Quest Uranium may acquire additional interests in uranium exploration properties in the future.

Freewest is a well-funded mineral exploration company exploring for gold, uranium and base metals in Eastern Canada. Corporate information can be accessed on the Internet at www.freewest.com. Freewest's shares are listed on the TSX Venture Exchange under the symbol FWR.


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.




UP already today

Coop

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coop Posted: December 11, 2007 7:53:22 AM

Rank: Advanced Member

Joined: 26/02/2007
Posts: 330
Location: ontario
Can anyone help me as to when QUC -Quest Uranium might start trading as the deadline was Dec. 10.

How long after yesterday before they can start? There is nothing in the news release

Coop


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TJTHEMAN Posted: August 30, 2008 8:17:35 AM

Rank: Newbie

Joined: 28/08/2008
Posts: 7
Location: C

KWG Resources spin-off of Debut Diamonds Inc.

1 DDI Share + 1 DDI warrant for 10 KWG shares .

[coop]

Sep 23, 2009 08:00 ETQuest Drilling Confirms B-Zone Resource Potential, Returns Multiple Horizons Up to 2.18% Total Rare Earths Over 12.0 Metres, Strange Lake Project, Quebec
Highlights:

- B-Zone drilling has traced mineralization over a strike length of at least 1.0 km, over minimum widths of 400 m and for a minimum thicknesses of between 75.0 and 101.0 m

- Multiple, high-grade intersections of between 1.11% and 3.47% REE+Y over widths of 1.0 and 14.0 m characterize all holes drilled into the zone, within a larger, 75.0-101.0 m-thick, mineralized envelope grading between 1.08%-1.15% REE+Y

- The B-Zone is completely open to resource expansionTORONTO, ONTARIO--(Marketwire - Sept. 23, 2009) - Quest Uranium Corporation (TSX VENTURE:QUC) is pleased to report initial assay results from diamond drilling of the newly discovered B-Zone REE deposit (see Press Release : August 19, 2009, Figure1) has confirmed that the B-zone hosts significant resource potential over a minimum strike length of one km and over widths of at least 400 m (see Figure 2). Lab results for the first three holes of the program returned multiple, high rare earth elements+yttrium (REE+Y) grade intersections of between 1.11 % and 3.47% over thicknesses of 1.0 m to 14.0 m. Heavy REE (HREE) represents between 33% and 60% of the Total REE (TREO) content intersected in drilling. Strong values of zirconium (Zr), niobium (Nb), hafnium (Hf) and berylium (Be) are also characteristic of the zone. Of greater significance is the observation that the full length of the drillholes completed in the zone so far are REE mineralized, returning average grades of between 1.08% and 1.15% REE+Y and thicknesses of between 75.0 m and 101.0 m. Mineralization is open to resource expansion in all directions. Drilling on all holes stopped at depths ranging between 75 m and 150 m, while still in mineralization. Technical limitation of the machines used in this phase of the drill program prevented Quest from extending the holes. The holes have been capped and will be extended with larger, more powerful equipment during future drill programs. All information relating to the Strange Lake project can now be viewed on the re-designed Quest website at www.questuranium.com. The site was officially launched earlier this morning.

"Early results of definition drilling on the recently-discovered B-Zone closely reproduce our surface sampling results and appear to be defining an important zone of good grade mineralization. The zone has a large surface and thickness profile, outcrops at surface and appears to indicate the potential for a significant open pit type of deposit," said Peter Cashin, Quest's President & CEO. "The B-Zone is also observed to have important quantities of valuable heavy rare earth elements, excluding yttrium, and will be an important value contributor to the Strange Lake project resource going forward. The B-Zone is also open to resource expansion along strike, width and at depth and will be evaluated in future drill programs."

B-Zone Definition Drill Program

A definition-drilling program of 19 vertical drillholes totalling 2,130 m was recently completed and tested the zone over a strike length of 1.0 km and over widths of at least 400 m at a drill spacing of between 100 m and 200 m (see Figure 3). Drilling has confirmed mineralization to be relatively flat-dipping and is exposed at the outcrop surface. All of the holes completed to date have intersected strongly mineralized pegmatites and intensely altered and mineralized granite. The surface footprint of the B-Zone mineralization is expressed as a two km-long airborne radiometric anomaly northwest of the Strange Lake Main Deposit (historical resource estimate, pre-National Instrument 43-101; Venkatswaran, 1983 - 52 million tonnes @ 3.25% ZrO2, 0.56% Nb2O5, 0.66% Y2O3, 0.12% BeO and 1.30% TREO).

The best results returned from the first three holes of the program, representing 251.0 m of drilling, are:




Borehole # From (m) To (m) Length (m) TREO + Y(%) HREE(%)----------------------------------------------------------------------------
BZ-09-001 5.1 16.0 10.9 1.78 50.0including 5.1 9.0 3.9 3.23
23.0 36.0 13.0 1.58 55.3including 26.0 36.0 10.0 1.76and including 28.0 33.0 5.0 2.46
40.0 54.0 14.0 1.05 46.7including 44.0 50.0 6.0 1.36
BZ-09-002 13.0 27.0 14.0 1.14 33.1including 13.0 16.0 3.0 1.65
46.0 53.0 7.0 1.11 40.2
66.0 75.0 9.0 1.98 59.8including 66.0 69.4 3.4 3.47
BZ-09-003 19.0 31.0 12.0 2.18 58.5including 19.0 26.0 7.0 2.81
Where: Be equals beryllium, Zr equals zirconium, Y equals yttrium, Nb equalsniobium, La equals lanthanum, Ce equals cerium, Nd equals neodymium, Smequals samarium, Pr equals praseodymium, Eu equals europium, Gd equalsgadolinium, Tb equals terbium, Dy equals dysprosium, Lu equals lutetium, Tmequals thulium, LREE equals light rare earth elements, HREE equals heavyrare earth elements, TREE equals Total Rare Earth metals, TREO equals TotalRare Earth Oxides.



The B-Zone rocks intersected in drilling are highly hematite and specularite-altered and fluorite-mineralized Strange Lake alkali granite (see Figure 4). The principal rare earth minerals observed in the core are Zircon (Zr, Hf, silicate), Gittinsite (Zr, silicate), Xenotime (Y, HREE, phosphate), Pyrochlore (Nb, Ta, fluoride), Gadolinite (REE, Zr silicate) and Allanite (LREE silicate).

The better grades of mineralization appear to be related to the equigranular aplitic and pegmatitic phases of the host granite. The highly-altered granite hosting the aplites and pegmatites also carries elevated grades of REE over the entire length of the drilling. The best bulk-grade intersections were returned from drillholes BZ-09-001 (1.08% REE+Y over 95.9 m) and BZ-09-003 (1.15% REE+Y over 70.0 m). In addition to REE, the mineralized zone has elevated concentrations of zirconium, niobium, beryllium, hafnium and lead. Bulk sampling of the B-Zone mineralization is currently being undertaken and will be used for pilot metallurgical testing during the winter period. Quest has contracted Hazen Research, Inc. of Golden, Colorado, to undertake this work. It should be noted that Hazen was responsible for the successful metallurgical work completed for the Strange Lake deposit under contract to IOC in the 1980's.

Main Zone Definition Drill Program

In addition to the definition drilling completed over the B- REE zone (see Press Release: August 19, 2009), a program of definition drilling over the Main Zone was undertaken. A program of 30 drillholes for 1,800 m was completed for this portion of the program. Quest drilling has confirmed the historical thicknesses of mineralization from previous work and has confirmed that the zone dips at a shallow angle northward onto Quest's 100%-owned Quebec claims. The mineralization is open to further resource expansion down-dip towards the northeast and along strike.

The mineralization is observed to be related to zones of granite aplites and pegmatites. The REE minerals observed for both the Main Zone and B-Zone are similar but the wallrock alteration observed within the host alkali granite is less intense and restricted to within 1.0 m of the aplite-pegmatite sections in the Main zone. Outwards from the mineralized section, the granite is observed to be weakly altered to unaltered. Assays from the first holes into the Main are pending and Lab results are expected within a week.

43-101 Preliminary Resource Estimate

An inferred resource estimate for the B- and Main zones will be calculated once all of Quest's diamond drilling and core analysis work is completed and all exploration data from the 2009 program is compiled. Wardrop Engineering Inc., of Toronto, Ontario, has been contracted to complete this work. It is anticipated that this resource estimate will be completed sometimes in the Q2 2010. Wardrop personnel have completed their property visit due diligence.

Quality Control

Mr. Peter Cashin, P. Geo., is the qualified person on the Strange Lake Project under National Instrument 43-101 and was responsible for this news release. Material for analysis has been obtained from diamond drill core samples from outcrop and boulders. A strict QA/QC program is followed which includes the use of elemental standards, duplicates and blanks. Analyses were performed by Activation Laboratory Limited of Ancaster, Ontario.

The 1983 historical mineral resource estimate referred to in this press release was prepared before the introduction of National Instrument 43-101. No qualified person has undertaken sufficient work to classify this historical resource estimate as current mineral resources or mineral reserves. Accordingly, Quest is not treating the historical resource estimate as current mineral resources or mineral reserves, as defined in National Instrument 43-101, and the historical resource estimate referred to in this press release should not be relied upon.

About Quest Uranium

Quest Uranium Corporation is a Canadian-based, exploration company focused on the identification and discovery of new world-class Rare Earth deposit opportunities. The Company is publicly-listed on the TSX Venture Exchange as "QUC" and is led by a highly-respected management and technical team with a proven mine-finding track record. Quest is currently advancing several high-potential projects in Canada's premier exploration areas: the Strange Lake area of northeastern Quebec, the Kenora area of northwestern Ontario and the Plaster Rock area of northwestern New Brunswick. Quest continues to pursue high-value project opportunities throughout North America.

This press release may contain "forward-looking statements". Readers are cautioned that any such statements are not guarantees of future performance and that actual developments or results may vary materially from those in these "forward looking statements".

To view figure 1, please visit the following link: http://media3.marketwire.com/docs/quc923fig1.pdf

To view figure 2, please visit the following link: http://media3.marketwire.com/docs/quc923fig2.pdf

To view figure 3, please visit the following link: http://media3.marketwire.com/docs/quc923fig3.pdf

To view figure 4, please visit the following link: http://media3.marketwire.com/docs/quc923fig4.pdf


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

[Metalbull]

Best one I've come across so far is TNR Gold Corp spinning off a new IPO lithium/REE company (great combo eh)

International Lithium Corp - Q1 2009. 4:1 shares + full warrant
Record date hasn't been announced yet

FYI last lithium spinoff like this was Western Uranium --> Western Lithium - WLC is now trading at $1.50 up from $.10 spinoff price, not shabby!