Brief: San Angelo Oil Limited enters into business combination agreement with Cabral Gold Ltd

Cabral Gold

11/05/2017 12:30

May 11 (Reuters) - San Angelo Oil Ltd  SAOh.V :  
    * San Angelo Oil Limited enters into business combination 
agreement with Cabral Gold Ltd 
    * San Angelo Oil Ltd - Cabral Gold Ltd has a 100pct interest 
in Cuiú Cuiú Gold deposit which is located in Tapajos region of 
Brazil 
    * San Angelo Oil Ltd - San Angelo will issue approximately 
22.8 million post-consolidation common shares to shareholders of 
Cabral 
    * San Angelo Oil Ltd- under deal cabral will amalgamate with 
newly-incorporated wholly-owned subsidiary of san angelo to form 
Cabral Gold B.C. Inc 
    * San Angelo Oil Ltd - San Angelo proposes to complete a 1:5 
consolidation of its common shares concurrently with deal 
closing 
    * San Angelo Oil - pursuant to amalgamation shareholders of 
cabral will receive 0.18 of 1 post-consolidation share of co for 
each 1 share of Cabral held 
 
Source text for Eikon:  ID:nCCN4tlnw8  
Further company coverage:  SAOh.V  
 
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