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Slide #75. Transition Metals Corp. — HTX Minerals Corp.
Acquirer:
Transition Metals Corp. (CVE:XTM.CA)
Acquiree:
HTX Minerals Corp.
Details:
Transition Metals Corp. (XTM - TSX.V) ("Transition") and HTX Minerals Corp. ("HTX"), a private company incorporated under the laws of Ontario, are pleased to announce that they have entered into a letter of intent dated March 3, 2013 (the "LOI") to combine the businesses. Transition and HTX ("the Parties") intend to implement a plan of arrangement pursuant to which Transition will acquire all of the securities of HTX in exchange for common shares of Transition. It is expected that the business combination will be by means of a plan of arrangement pursuant to Section 182 of the Business Corporations Act (Ontario) (the "Proposed Transaction"). However, the final structure of the Proposed Transaction will be determined collectively by Transition and HTX based on taxation, securities and corporate law, and other considerations.
Transition Metals is engaged in the acquisition and exploration of mineral properties in Ontario and British Columbia.
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