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Oro Gold Resources Ltd. and Oro Silver Resources Ltd.: Definitive Merger Agreement Signed
Aug. 27, 2010 10:38PM PST
Gold InvestingOro Gold Resources Ltd. (CVE:OGR) and Oro Silver Resources Ltd. (CVE:OSR) announce that they have executed the definitive arrangement agreement under which Oro Gold will acquire all of the issued and outstanding securities of Oro Silver through a plan of arrangement.
Oro Gold Resources Ltd. (TSXV:OGR) and Oro Silver Resources Ltd. (TSX-V:OSR) announce that they have executed the definitive arrangement agreement under which Oro Gold will acquire all of the issued and outstanding securities of Oro Silver through a plan of arrangement.
The press release is quoted as saying:
Oro Silver’s strategy is to develop properties toward production through a strategic business arrangement and development plan focused on advanced-stage projects with known silver resources that exhibit potential for expansion.
Click here to access the entire press release
Click here to access Oro Silver Resources Ltd. Corporate Site