Buchans Minerals Corp. (TSXV:BMC) and Minco plc (LSE:MIO) announced that Minco has completed its acquisition of Buchans; the company is now a wholly owned subsidiary of Minco.
Buchans Minerals Corp. (TSXV:BMC) and Minco plc (LSE:MIO) announced that Minco has completed its acquisition of Buchans; the company is now a wholly owned subsidiary of Minco.
As quoted in the press release:
Pursuant to the Arrangement, Minco acquired, through its wholly-owned subsidiary, 8501297 Canada Inc. (“MIO Sub”), all of the issued and outstanding common shares of Buchans Minerals (“Buchans Shares”) that Minco did not already own and shareholders of Buchans Minerals (“Buchans Shareholders”) received 0.826 of an ordinary share of Minco (“Minco Share”) for each Buchans Share held.
An aggregate of 124,642,196 Minco Shares were issued under the Arrangement in reliance on an exemption from the prospectus requirements under securities legislation available for an arrangement under statutory procedure.
Click here to read the full Buchans Minerals Corp. (TSXV:BMC) and Minco plc (LSE:MIO) press release.
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 1838.90 | +7.89 | |
Silver | 21.51 | +0.37 | |
Copper | 3.77 | +0.02 | |
Palladium | 1930.50 | +53.50 | |
Platinum | 916.00 | +5.00 | |
Oil | 107.47 | -0.15 | |
Heating Oil | 4.22 | -0.03 | |
Natural Gas | 6.08 | -0.14 |
DOWNLOAD FREE REPORTS
BROWSE COMPANIES BY SECTOR
- Agriculture Investing
- Phosphate Investing
- Potash Investing
- Base Metals Investing
- Copper Investing
- Iron Investing
- Lead Investing
- Nickel Investing
- Zinc Investing
- Battery Metals Investing
- Cobalt Investing
- Graphite Investing
- Lithium Investing
- Manganese Investing
- Vanadium Investing
- Critical Metals Investing
- Magnesium Investing
- Rare Earth Investing
- Scandium Investing
- Tantalum Investing
- Tellurium Investing
- Tungsten Investing
- Energy Investing
- Oil and Gas Investing
- Uranium Investing
- Gem Investing
- Diamond Investing
- Industrial Metals Investing
- Aluminum Investing
- Chromium Investing
- Coal Investing
- Molybdenum Investing
- Tin Investing
- Precious Metals Investing
- Gold Investing
- Palladium Investing
- Platinum Investing
- Silver Investing
- 3D Printing Investing
- Bitcoin Investing
- Blockchain Investing
- Cleantech Investing
- Cloud Investing
- Cryptocurrencies
- Data Investing
- Emerging Tech Investing
- Artificial Intelligence Investing
- Mobile Investing
- Robotics Investing
- Fintech Investing
- Gaming Investing
- Esports Investing
- Nanoscience Investing
- Graphene Investing
- Nanotech Investing
- Security Investing
Featured stocks
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.