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Shoreham Resources Ltd. (CVE:SMH) and Infinito Gold Ltd. (CVE:IG) report to have completed and executed a definitive share purchase and sale agreement.
Shoreham Resources Ltd. (TSXV:SMH) and Infinito Gold Ltd. (TSXV:IG) report to have completed and executed a definitive share purchase and sale agreement.
The press release is quoted as saying:
Closing of the Acquisition is subject to certain closing conditions, including TSX Venture Exchange approval. Total consideration to be paid by Shoreham to Infinito for the Acquisition is US$500,000 in cash, of which US$100,000 was advanced as a deposit on August 17, 2010, and the remainder of which will be paid on the closing of the Acquisition, and 1,600,000 common shares of Shoreham, which will be issued on the closing of the Acquisition.
Click here to access the entire press release.
Click here to access Shoreham’s company profile.