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49 North Resources Inc Announces Completion Of Acquisition Of CVG Mining Ltd. By Omineca Mining And Metals Ltd.


Wednesday, 16 Oct 2013 09:10am EDT 

49 North Resources Inc announced the completion of the sale of all of the issued and outstanding shares of CVG Mining Ltd. (CVG Mining) to Omineca Mining and Metals Ltd. (Omineca). In consideration for its interest in CVG Mining, 49 North received 44,145,900 common shares of Omineca, representing approximately 67.4% of the post-closing issued and outstanding common shares of Omineca, as well as a $5,400,000 principal amount 8% unsecured convertible debenture (the "Convertible Debenture"). The founders and operators of CVG Mining received 3,325,648 common shares of Omineca as a result of the transaction, representing approximately 5.1% of the post-closing issued and outstanding common shares of Omineca. 

Company Quote

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25 Mar 2015