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Alexandria Minerals Corp. (TSXV:AZX) and Murgor Resources Inc. (TSXV:MGR) announced that Alexandria’s acquisition of Murgor has been completed.
Alexandria Minerals Corp. (TSXV:AZX) and Murgor Resources Inc. (TSXV:MGR) announced that Alexandria’s acquisition of Murgor has been completed. It was approved by Murgor shareholders on February 25, 2015, and the Superior Court of Quebec gave its approval shortly thereafter.
As quoted in the press release:
Pursuant to the Arrangement, Alexandria acquired all of the Murgor Shares not already owned by it in exchange for 0.5 of a common share of Alexandria per Murgor common share (the ‘Share Consideration’).
Eric Owens, president and CEO of Alexandria, commented:
We are excited about the future of this acquisition, as the property assets acquired are complementary to ours. Apart from the immediate increase in resources, and the strategic location in well-known mining districts in Quebec, Ontario and Manitoba, we expect to see further growth and positive results from the combined assets in 2015
