Mergers & Acquisitions
By The Online Investor Staff, updated Fri., Sep. 18, 9:35 AM
| This Slide: #48 of 100 |
Slide #48. Bluerock Ventures Corp. — Tombill Mines Ltd.
Acquirer:
Bluerock Ventures Corp.
Acquiree:
Tombill Mines Ltd.
Details:
Bluerock Ventures Corp. (TSXV:BCR.H) ("Bluerock") is pleased to announce that it has entered into a letter of intent dated August 27, 2020, with Tombill Mines Ltd. ("Tombill Mines") pursuant to which Bluerock proposes to acquire all of the issued and outstanding shares of Tombill Mines in exchange for the issuance of shares of Bluerock (the "Transaction"). The Transaction will result in a reverse take-over of Bluerock where the existing shareholders of Tombill Mines will own approximately 90% of the outstanding common shares of Bluerock upon completion of the Transaction but prior to the financing described below. Bluerock, after completion of the Transaction, is referred to in this news release as the "Resulting Issuer". Upon completion of the Transaction, it is anticipated that the Resulting Issuer will be a Tier 2 Resource Issuer.
