Anfield Nickel Completes Acquisition of Magellan Minerals

Anfield Nickel (TSXV:ANF) and Magellan Minerals have now completed the previously announced plan of arrangement wherein Anfield acquired all off the issued and outstanding securities of Magellan.
As quoted in the press release:

Under the terms of the Arrangement, former Magellan shareholders received 0.0863 Anfield common shares for each of their Magellan common shares. Anfield currently has 66,696,820 common shares outstanding on a fully diluted basis.
Pursuant to the Arrangement, Anfield acquired 100% of the issued and outstanding common shares of Magellan. All outstanding options and warrants of Magellan were cancelled pursuant to the Arrangement.
“Closing this transaction is truly transformative for Anfield as the Coringa Project represents the first step toward building a mid-tier gold mining company. We have strong management and finance capabilities. We will aggressively advance the project to production and at the same time seek to acquire other gold projects for growth,” said Marshall Koval, Anfield’s President and Chief Executive Officer.
The Anfield shares issued pursuant to the Arrangement have been approved for listing on the TSX Venture Exchange.

Click here to read the full press release.