The Online Investor
Precious Metals M&A image Precious Metals M&A » By The Online Investor Staff, updated Sat., Apr. 17, 2:28 PM Recent mergers and acquisitions in the Precious Metals M&A category.

Slide #63. Search Minerals Inc. Minerao So Francisco de Assis Ltd. and Carlos Mena Resources Ltd.

Acquirer: Search Minerals Inc. (CVE:SMY.CA)
Acquiree: Minerao So Francisco de Assis Ltd. and Carlos Mena Resources Ltd.
Details: Search Minerals Inc. ("Search" or the "Company") (TSXV: SMY) is pleased to announce that it has signed two non-binding Letters of Intent ("LOIs") with Minerao So Francisco de Assis Ltd. ("MSFA") and Carlos Mena Resources Ltd. ("CMR"), two privately held companies, each dedicated to the development and operation of tin assets in Brazil. The LOIs outline the general terms and conditions pursuant to which Search, MSFA and CMR would be willing to complete one or more transactions resulting in a combination of their respective business operations (the "Transactions"). The LOIs were negotiated at arm's length, and, ultimately, the outcomes are independent from one another. The assets are located in proven tin jurisdictions with previous and current mining activities, and they have been extensively drilled for resource estimation.

Search Minerals is in the business of acquiring, exploring and evaluating mineral resource properties and either joint venturing or developing these properties further or disposing of them when the evaluation is completed. The recoverability of amounts shown for mineral properties and deferred exploration is dependent upon the discovery of economically recoverable mineral reserves, confirmation of Co.'s interest in the underlying mineral claims, the ability of Co. to obtain the necessary financing to complete the development, and the attainment and maintenance of future profitable production or disposition thereof.

Open the SMY.CA Page at The Online Investor »

Company Name: 
Search Minerals Inc
Website: 
www.searchminerals.ca
Sector: 
Precious Metals
 

Open the SMY.CA Page at The Online Investor (in a new window) »

Quotes delayed 20 minutes


Precious Metals M&A - Slide 63 of 94 Page | www.TheOnlineInvestor.com

Copyright © 1998 - 2021, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.