Canoe Mining Ventures Corp. (TSXV:CLV) and Birch Hill Gold Corp. (TSXV:BHG) have completed their previously announced business combination through a three cornered amalgamation. Under the terms of the agreement, Birch Hill and 0996623 B.C. Ltd., a wholly owned subsidiary of Canoe Mining, amalgamated under the name “Coldstream Mineral Ventures Corp.”
As quoted in the press release:
Effective June 3, 2014, Canoe Mining acquired ownership and control of 13,421,385 common shares of Coldstream, representing 100% of the formerly issued and outstanding common shares in the capital of Birch Hill in exchange for common shares in the capital of Canoe Mining (the “Canoe Mining Shares”) on the basis of 1 Canoe Mining Share in exchange for every 2.5 common shares of Birch Hill. The trading of the former common shares of Birch Hill was halted on May 25, 2014 pending delisting from the TSX Venture Exchange, which is anticipated to occur on June 4, 2014.
Nexus Gold Corp. (TSXV:NXS) is currently drilling on the Walker Ridge Gold Project in Nevada - a multiple target, Carlin-type gold exploration property. They have recently submitted an expanded Plan to increase the current 8 pad plan to 29 drill pads.
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