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Nitinat Minerals Corp To Acquire Taman Petroleum-Canada Stockwatch News


Tuesday, 3 Jul 2012 07:20pm EDT 

Canada Stockwatch News reported that Nitinat Minerals Corp. has entered into a letter of intent dated June 18, 2012, with Taman Petroleum Corp., an arm's-length party to the corporation, to acquire all of the issued and outstanding securities in the capital of Taman. Pursuant to the terms of the LOI, Nitinat will acquire all of the issued and outstanding securities in the capital of Taman in exchange for the issuance of 10 million common shares in the capital of the corporation at a deemed price of $0.15 per share. The closing of the acquisition is subject to the corporation completing its due diligence, the execution of a share exchange agreement and the receipt of all necessary approvals, including, but not limited to, the approval of the TSX Venture Exchange. 

Company Quote

0.01
-0.0050 -33.33%
16 Apr 2014