Edition:
United Kingdom

Explor Signs An Amalgamation Agreement With Pure Nickel


Thursday, 22 Aug 2019 

Aug 22 (Reuters) - Explor Resources Inc ::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. 

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16 Sep 2019