Minco Plc (AIM:MIO) and Buchans Minerals Corporation (TSXV: BMC) announced that they have entered into an agreement where Minco will acquire Buchans.
Minco Plc (AIM:MIO) and Buchans Minerals Corporation (TSXV: BMC) announced that they have entered into an agreement where Minco will acquire Buchans.
As quoted in the press release:
Pursuant to the terms of the Agreement, Minco will acquire all of the outstanding common shares of Buchans Minerals that it does not already own in exchange for ordinary common shares of Minco by way of a statutory plan of arrangement on the basis of 0.826 of a Minco Share for each Buchans Shares.
Buchans’ President and CEO, Warren MacLeod, said:
The merger with Minco represents an excellent value opportunity for the shareholders of both companies. We believe that consolidating the ownership of the Lundberg base metal project in central Newfoundland and the Woodstock manganese project in New Brunswick is a major step towards achieving our strategy of creating a strong intermediate base metal company with an attractive growth profile focused on enhancing shareholder value.
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 1816.25 | -11.01 | |
Silver | 21.60 | -0.01 | |
Copper | 4.23 | +0.04 | |
Palladium | 2051.50 | +41.50 | |
Platinum | 955.00 | +10.00 | |
Oil | 112.06 | -2.14 | |
Heating Oil | 3.68 | -0.09 | |
Natural Gas | 8.29 | +0.34 |
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.