Brief: Canada Strategic, Matamec Agree To Business Combination

Quebec Precious Metals

26/04/2018 12:39

April 26 (Reuters) - Sphinx Resources Ltd  SFX.V :
    * SPHINX RESOURCES LTD - CO, CANADA STRATEGIC METALS &
MATAMEC
EXPLORATIONS ANNOUNCE THAT CANADA STRATEGIC & MATAMEC AGREED TO
A BUSINESS COMBINATION
    * SPHINX RESOURCES LTD - BUSINESS COMBINATION IS TO CREATE
NEW
JAMES BAY-FOCUSED GOLD EXPLORATION COMPANY TO BE NAMED QUEBEC
PRECIOUS METALS CORP
    * SPHINX RESOURCES - IN CONNECTION WITH DEAL, GOLDCORP WILL
ACQUIRE 14% INTEREST IN QPM UNDER SUBSCRIPTION AGREEMENT BETWEEN
CANADA STRATEGIC & GOLDCORP
    * SPHINX RESOURCES - ON OR ABOUT JUNE 18, GOLDCORP WILL
SUBSCRIBE
FOR 6.1 MILLION SUBSCRIPTION RECEIPTS OF CANADA STRATEGIC AT
$0.61/SUBSCRIPTION RECEIPT
    * SPHINX RESOURCES LTD - NORMAND CHAMPIGNY WILL BE APPOINTED
CHIEF
EXECUTIVE OFFICER OF QPM
    * SPHINX RESOURCES - IN CONNECTION WITH DEAL, MATAMEC
SHAREHOLDERS
WILL RECEIVE 0.267697315 OF A SHARE OF CANADA STRATEGIC IN
EXCHANGE FOR EACH MATAMEC SHARE

Source text for Eikon:  ID:nGNX7GLBsZ 
Further company coverage:  CJC.V 

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