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Tarsis Resources Ltd. (TSXV:TCC) and Estrella Gold (TSXV:EST) are merging to form Alianza Resources Ltd., a prospect generator focused on the Americas, particularly the Cordilleran regions that characterize western North and South America. Alianza’s portfolio will include 4 projects in Peru, 10 in Nevada, 3 in Mexico, and 5 in Yukon, as well as the flexibility to acquire new projects in the Americas as opportunities arise.
Tarsis Resources Ltd. (TSXV:TCC) and Estrella Gold (TSXV:EST) are merging to form Alianza Resources Ltd., a prospect generator focused on the Americas, particularly the Cordilleran regions that characterize western North and South America. Alianza’s portfolio will include 4 projects in Peru, 10 in Nevada, 3 in Mexico, and 5 in Yukon, as well as the flexibility to acquire new projects in the Americas as opportunities arise.
As quoted in the press release:
The transaction is structured as a plan of arrangement such that Tarsis will acquire all of the shares of Estrella, but is essentially a merger of companies with similar market capitalization and will be completed on the basis of one share of Tarsis for each Estrella share. Immediately upon completion of the transaction a consolidation of shares will take place, at a ratio of one new share for ten old shares. As a result Alianza will have 10.8 million shares outstanding, of which approximately 56.7% will be owned by former Tarsis shareholders.
Click here to read the Tarsis Resources Ltd. (TSXV:TCC) press release
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