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Brazil Resources Inc Completes Acquisition Of Brazilian Gold Corporation


Friday, 22 Nov 2013 02:00pm EST 

Brazil Resources Inc. (BrazilResources or the Company) announced the completion of its acquisition of Brazilian Gold Corporation (BGC) pursuant to the previously announced plan of arrangement between the parties (the Arrangement). The Arrangement was approved by shareholders of BGC on November 20, 2013and the Supreme Court of British Columbia on November 21, 2013. Under the Arrangement, the Company acquired all of the 103,608,796 issued and outstanding common shares of BGC (the "BGC Shares") for consideration consisting of 0.172 common shares of Brazil Resources (the "BRI Shares") per BGC Share. Total consideration under the transaction was approximately $13.5 million. Sangra Moller LLP acted as legal counsel for Brazil Resources and Gowling Lafleur Henderson LLP acted as legal counsel for BGC in connection with the Arrangement. Clarus Securities Inc. acted as financial advisor to the board of directors of BGC and its independent special committee. 

Company Quote

0.53
-0.02 -3.64%
24 Dec 2014