The Conversation (0)
Iron Creek Capital (TSXV:IRN) has entered a definitive arrangement to combine with Polar Star Mining Corporation (TSX:PSR) by indirectly acquiring all issued and outstanding shares of Polar Star. Iron Creek’s wholly owned subsidiary will acquire the Polar Star shares.
Iron Creek Capital (TSXV:IRN) has entered a definitive arrangement to combine with Polar Star Mining Corporation (TSX:PSR) by indirectly acquiring all issued and outstanding shares of Polar Star. Iron Creek’s wholly owned subsidiary will acquire the Polar Star shares.
As quoted in the press release:
The Transaction was previously announced in a joint news release on September 19, 2014, and contemplated Polar Star acquiring all of the issued and outstanding shares of Iron Creek. After further consideration, and in order to simplify the Transaction, the parties decided to reverse the structure so that Iron Creek will now acquire Polar Star.
The combined companies will re-brand under a new name (“Newco”) and will control approximately 300,000 hectares of highly prospective exploration ground in northern Chile focused on copper, gold and silver.
Click here to read the Iron Creek Capital (TSXV:IRN) press release