- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Tarsis Resources Ltd. (TSXV:TCC) entered into a lockup agreement with the officers, directors, and large shareholders of Estrella Gold Corporation (TSXV:EST). Under the agreement, the parties agreed to refrain from selling or transferring an aggregate of 22,907,325 shares of Estrella’s common stock they own, which represents 49.1% of the total issued and outstanding Estrella’s shares, until the Plan of Arrangement between Tarsis and Estrella has been completed and the new entity, Alianza Minerals Ltd., is formed.
Tarsis Resources Ltd. (TSXV:TCC) entered into a lockup agreement with the officers, directors, and large shareholders of Estrella Gold Corporation (TSXV:EST). Under the agreement, the parties agreed to refrain from selling or transferring an aggregate of 22,907,325 shares of Estrella’s common stock they own, which represents 49.1% of the total issued and outstanding Estrella’s shares, until the Plan of Arrangement between Tarsis and Estrella has been completed and the new entity, Alianza Minerals Ltd., is formed.
As quoted in the press release:
The new entity, Alianza Minerals Ltd. (“Alianza”), will be a prospect generator focused on the Americas, particularly the Cordilleran regions that characterize western North and South America. Alianza will have four projects in Peru, ten in Nevada, three in Mexico, and five in Yukon and the flexibility to acquire new projects in the Americas as opportunities arise. The Plan of Arrangement will have Tarsis acquiring Estrella’s shares on a one for one basis. Tarsis will also complete a share consolidation and financing concurrent with the Plan of Arrangement.
Jason Weber, Estrella’s CEO stated that “Estrella’s board, management and a large block of shareholders have committed to support this transaction and the creation of Alianza Minerals. We are pleased that they share in our vision for Alianza and look forward to building a very successful prospect generator.”
A special meeting of the shareholders of Estrella will be held on Wednesday, April 8, 2015, with closing of the transaction being scheduled for the end of April, 2015. The record date for shareholders of Estrella to be entitled to vote on the transaction is Wednesday, March 4, 2015.
Click here to read the Tarsis Resources Ltd. (TSXV:TCC) press release
Click here to see the Tarsis Resources Ltd. (TSXV:TCC) profile.
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.