April 13 (Reuters) - New World Resources Ltd :
* ANNOUNCES INTENTION TO DEMERGE NORTH AMERICAN COBALT ASSETS
* BOARD CONSIDERS VALUE OF ITS COBALT ASSETS IS NOT CURRENTLY REFLECTED IN NEW WORLD'S SHARE PRICE
* DECISION TO DEMERGE FOLLOWS STRATEGIC REVIEW OF ASSET BASE AT HIGH- GRADE ANTLER COPPER DEPOSIT IN IN ARIZONA, USA
* ANTICIPATED THAT NEWCO WOULD SEEK TO LIST ON ASX DURING 2021 BY WAY OF AN INITIAL PUBLIC OFFERING
* IN CONJUNCTION WITH IPO, SHAREHOLDERS IN NEW WORLD WOULD RECEIVE AN IN-SPECIE DISTRIBUTION OF SHARES IN NEWCO
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