McGregor Capital Corp. (TSXV:MCP.P) and Canadian Platinum Corp. reported the Qualifying Transaction is expected to close on Wednesday.
As quoted in the press release,
In conjunction with the QT, McGregor and Canadian Platinum will amalgamate to form a corporation which will carry on under the name “Canadian Platinum Corp.”. Subject to the satisfaction of the requirements of the TSX Venture Exchange, the amalgamated corporation will be listed as a Tier 2 Issuer on the TSX Venture Exchange and its common shares will trade under the symbol “CPC”.
Get Our Expert Guide to Platinum Investing FREE!Download this FREE Special Report, Why Invest in Platinum Stocks? What the Future Could Hold for Lonmin, the AMCU and South African Platinum Production.