Dec 23 (Reuters) - American Tungsten & Antimony Ltd AT4.AX:
TO SPIN OUT DRUMMOND AND NSW ASSETS INTO SEPARATE ASX LISTING
NEW LISTED COMPANY TO BE NAMED KING METALS
AS PART OF IPO, KING METALS INTENDS TO RAISE BETWEEN A$4.5 MILLION AND A$6 MILLION (BEFORE COSTS)
IPO AT ISSUE PRICE OF A$0.20 PER SHARE
TIMOTHY MORRISON TO LEAD KING AS NON-EXECUTIVE CHAIRMAN
Further company coverage: AT4.AX
((Reuters.Briefs@thomsonreuters.com;))