Metals & Mining M&A » By The Online Investor Staff, updated Thu., Apr. 18, 7:25 AM
Recent mergers and acquisitions in the Metals & Mining M&A category.
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Slide #33. Brionor Resources Inc. — Atala Resources Corp.
Acquirer:
Brionor Resources Inc. (BNR.CA)
Acquiree:
Atala Resources Corp.
Details:
Brionor Resources Inc. ("Brionor" or the "Company") (TSX VENTURE:BNR) announces that it has set a final deadline to close the previously announced acquisition (the "Acquisition') of Atala Resources Corp. ("Atala") to 'on or before' April 30, 2014. The agreement between the parties as per previous extension agreement(s) contemplated a closing of the Acquisition on or before February 28, 2014. Closing was delayed as a result of Atala's acquisition of AuEx Argentina S.A. from Renaissance Gold Inc. ("RenGold"). As per RenGold's press release dated March 10, 2014, the sale of AuEx Argentina S.A. to Atala is now complete. This then clears the way for Brionor to proceed with the Atala acquisition, as per the following terms: Brionor will acquire Atala and its subsidiary companies for the issuance to Atala shareholders of 12 million Brionor common shares.
Brionor Resources is engaged in the acquisition, exploration and development of mining properties.
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