Brief: Explor Signs An Amalgamation Agreement With Pure Nickel

Galleon Gold

22/08/2019 20:03

Aug 22 (Reuters) - Explor Resources Inc  EXS.V :
    * EXPLOR SIGNS AN AMALGAMATION AGREEMENT WITH PURE NICKEL
    * EXPLOR RESOURCES INC - AMALGAMATION AGREEMENT WITH PURE
NICKEL
INC. TO MERGE COMPANIES ON A 54/46 (EXPLOR/PURE NICKEL) BASIS
    * EXPLOR RESOURCES INC - PURE NICKEL HAS AGREED TO SUBSCRIBE
FOR
10 MILLION UNITS OF EXPLOR AT A PRICE OF $0.05 PER UNIT
    * EXPLOR RESOURCES-PURE NICKEL WILL ISSUE ABOUT 95.2 MILLION
COMMON SHARES OF PURE NICKEL IN EXCHANGE FOR ALL OF ISSUED,
OUTSTANDING COMMON SHARES OF CO
    * EXPLOR RESOURCES INC - INTENDS TO USE FUNDS FROM PRIVATE
PLACEMENT TO COMPLETE TRANSACTION
    * EXPLOR RESOURCES - UPON DEAL COMPLETION, COMBINED COMPANY
WILL
HAVE ABOUT 177.9 MILLION SHARES OUTSTANDING WITH EXPLOR
SHAREHOLDERS HOLDING VOTING CONTROL

Source text for Eikon:  ID:nGNX1nTr3x 
Further company coverage:  EXS.V 

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