M&As this week: BRS Ventures, Indus Energy


BRS Ventures has reached a deal with First Mining Finance to acquire a 100% interest in Minera Terra Plata in exchange for six million post-split shares.   

The acquisition will provide BRS Ventures the ownership rights to Peñasco Quemado, La Frazada and Pluton silver projects, while First Mining will receive a 2.5% net smelter return from these projects and own 7.2% stake in BRS on a post-split basis.

"BRS has announced it plans to change its name to Silver One Resources."

BRS has also announced it plans to change its name to Silver One Resources.

Indus Energy has signed an option agreement to acquire 100% stake in IMD Gold Mines in exchange for A$1.65m ($1.18m), corresponding to the offering of approximately 78.72 million shares to the shareholders of IMD.

The deal forms part of Indus Energy’s aim to create a new ASX-listed gold producer for developing and expanding production-ready assets in the near future.