Fitch Street Capital Corp. Announces Merger of EagleRidge Minerals Ltd.
Fitch Street Capital Corp., a capital pool company (TSX VENTURE:FSC.P) announced that it has entered into an arm’s length binding letter agreement dated June 12, 2010 with EagleRidge Minerals Ltd., pursuant to which FSC will, subject to a number of conditions, acquire all of the issued and outstanding securities of EagleRidge.
Fitch Street Capital Corp., a capital pool company (TSX VENTURE:FSC.P) announced that it has entered into an arm’s length binding letter agreement dated June 12, 2010 with EagleRidge Minerals Ltd., pursuant to which FSC will, subject to a number of conditions, acquire all of the issued and outstanding securities of EagleRidge.
The press release is quoted as saying:
The transaction will constitute the Company’s qualifying transaction (the “Qualifying Transaction”) under the policies of the TSX Venture Exchange (the “Exchange”). Following completion of the Qualifying Transaction, it is anticipated that the resulting issuer (the “Resulting Issuer”) will be a Tier 2 mining exploration company.