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Tiomin Resources Inc. (TSX:TIO) and Vaaldiam Resources Ltd. (TSX:VAA) jointly reported the closing of the previously announced plan of arrangement, pursuant to which Tiomin acquired all of the outstanding common shares of Vaaldiam Resources in consideration of 0.08 Tiomin common shares for each Vaaldiam Resources common share.
Tiomin Resources Inc. (TSX:TIO) and Vaaldiam Resources Ltd. (TSX:VAA) jointly reported the closing of the previously announced plan of arrangement, pursuant to which Tiomin acquired all of the outstanding common shares of Vaaldiam Resources in consideration of 0.08 Tiomin common shares for each Vaaldiam Resources common share.
The press release is quoted as saying:
In connection with the completion of the Arrangement, the common shares of Tiomin have been consolidated on a 10 for 1 basis and Tiomin has changed its name to “Vaaldiam Mining Inc.” (“Vaaldiam Mining”).
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