Precious Metals M&A » By The Online Investor Staff, updated Mon., Feb. 6, 12:39 AM
Recent mergers and acquisitions in the Precious Metals M&A category.
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Slide #55. Chalice Gold Mines — Coventry Resources
Acquirer:
Chalice Gold Mines (CXN.CA)
Acquiree:
Coventry Resources (CYY.CA)
Details:
Australian gold company Chalice Gold Mines Limited (TSX: CXN; ASX: CHN; "Chalice") and Canadian gold developer Coventry Resources Inc. (ASX: CYY; TSX-V: CYY; "Coventry") are pleased to announce that they have agreed to merge the two companies by way of a Statutory Plan of Arrangement ("Merger") under the British Columbia Business Corporations Act. The proposed merger will combine Chalice's strong cash position of A$55 million (see Appendix B) with Coventry's 100% interest in the Cameron Gold Camp in Ontario, Canada (see Appendix A).
Chalice Gold Mines is engaged in the exploration and evaluation gold, copper and coking coal sectors in Australia.
Open the CXN.CA Page at The Online Investor »
Chalice Gold Mines is engaged in the exploration and evaluation gold, copper and coking coal sectors in Australia.
Open the CYY.CA Page at The Online Investor »
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