They said that Management will done the same spin out as was done by Kaminak, and here is spin out that was done by Kaminak, I think that this model is similar also to EVG spin out.
http://de.advfn.com/news_Kaminak-Receives-Shareholder-and-Court-Approval-for-Spin-Out-of-Kivalliq-Energy_27091360.html