Precious Metals M&A » By The Online Investor Staff, updated Sat., Apr. 17, 7:09 AM
Recent mergers and acquisitions in the Precious Metals M&A category.
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Slide #2. Timberline Resources Corporation — Assets of Wolfpack
Acquirer:
Timberline Resources Corporation (TLR)
Acquiree:
Assets of Wolfpack
Details:
Timberline Resources Corporation (NYSE MKT:TLR) (TSX VENTURE:TBR) ("Timberline") is pleased to announce that it has entered into a definitive agreement (the "Agreement") with Wolfpack Gold Corp. ("Wolfpack") whereby Timberline will acquire certain of the Nevada gold properties of Wolfpack plus approximately Cdn$5.3 million in cash (inclusive of the current US$1 million dollar loan from Wolfpack to Timberline, which will be cancelled) in exchange for the issuance of 42,932,063 shares of common stock of Timberline (the "Timberline Shares").
Timberline Resources is a mineral exploration and development company. Co. is engaged in evaluating, acquiring, and exploring mineral prospects with potential for economic deposits of precious and base metals. As of Dec 2015, Co. has mineral prospects for exploration in Nevada and Montana mainly for target commodities of gold and silver. The prospects are held by both patented and unpatented mining claims owned directly by Co. or through legal agreements conveying exploration and development rights to Co.
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Avg. Broker Rec.
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Strong Buy (4.00 out of 4) 10th percentile
(ranked lower than approx. 90% of all stocks covered)
Based on Zacks ABR data; powered by Xignite |
