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Sendero Mining Corp And Halo Resources Ltd Announce Completion Of Business Combination


Tuesday, 9 Jul 2013 09:31am EDT 

Sendero Mining Corp (formerly QRS Capital Corp) and Halo Resources Ltd announced that effective July 9, 2013, they have completed the business combination by way of a plan of arrangement (the Arrangement) as previously announced in their press releases dated March 8, 2013 and May 21, 2013. Upon completion of the Arrangement Halo became a wholly-owned subsidiary of Sendero. Immediately prior to the completion of the Arrangement, QRS Capital Corp. completed the name change to Sendero Mining Corp. and consolidated its issued and outstanding share capital into approximately 20 million common shares. Prior to the completion of the Arrangement, 2,224,306 Sendero Shares held by Halo were cancelled. Under the terms of the Arrangement, Sendero acquired all of the outstanding common shares of Halo in exchange for approximately 20 million units of Sendero. Each Sendero unit consists of one Sendero common share and one Sendero share purchase warrant. Each Sendero warrant will entitle the holder to purchase one Sendero common share for one year at a price of $0.40 per share, subject to adjustment in certain circumstances. Trading in Halo shares has been halted and the shares of Halo will be delisted from the TSX Venture Exchange. 

Company Quote

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19 Dec 2014