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Stratton Resources Inc. (CVE:SI) reported the completion of its previously announced acquisition of all outstanding shares of AZ Copper Corp.
Stratton Resources Inc. (TSXV:SI) reported the completion of its previously announced acquisition of all outstanding shares of AZ Copper Corp.
The press release is quoted as saying:
As a result of the acquisition, Stratton issued ten million shares to AZ Copper Corp. shareholders resulting in there being 29,094,164 common shares of Stratton issued and outstanding on an undiluted basis, of which 6,523,914 are subject to escrow restrictions.
Stratton’s President, Greg McCunn, said,
“With our management team in place and the recently completed $8.5 million financing, we have begun advancing our exploration programs at both the MAC Project and Bear Canyon Project. Our goal is to have exploration drilling underway at both properties in the coming weeks.”
Click here to access the entire press release
