Balmoral Resources to be Acquired by Wallbridge Mining Company Limited
On March 2, 2020 Wallbridge Mining Company Limited (“Wallbridge”) and Balmoral Resources Ltd. (“Balmoral”) announced (see announcement under News Releases to the right) that the two parties had entered into an Arrangement Agreement whereby Wallbridge will acquire all of the issued and outstanding shares of Balmoral. The proposed Acquisition will be accomplished by way of a share exchange whereby Wallbridge will issue 0.71 of a Wallbridge common share to each Balmoral shareholder in exchange for each 1.0 Balmoral common share held as at the record date of the proposed Transaction.
News Releases
- March 24th, 2020Balmoral Resources Ltd. Announces Receipt of Interim Court Order with Respect to Proposed Acquisition by Wallbridge Mining Company Limited
- March 24th, 2020Balmoral Temporarily Suspends Exploration Activities in Quebec and Ontario in Response to COVID-19 Orders
- March 2nd, 2020Wallbridge Mining Company Limited and Balmoral Resources Ltd. to Combine in an All-Stock Transaction, Creating a Formidable and Well Financed Canadian Exploration & Development Company with a Dominant Land Position along the Detour Gold Trend in Quebec
