JOHANNESBURG (miningweekly.com) – Australia-based IMX Resources, which holds a tenement package in Tanzania, will start trading under a new ASX code, IDA, on Wednesday as the company changed its name to Indiana Resources.
IMX recently spun out its graphite project in Tanzania, and listed it in a separate company, Graphex Mining, on the ASX, but retained the Ntaka Hill nickel project and the Kishugu and Naujombo gold prospects, in the Nachingwea district.
The company had also concluded the consolidation of its share capital on a ratio of 50:1, with the new issued capital of the company being 31.34-million ordinary fully paid shares.
Shareholders approved the share capital consolidation and name change in April this year.