M&As this week: War Eagle Mining, SIMEC, Altair Resources
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M&As this week: War Eagle Mining, SIMEC, Altair Resources

05 Jan 2018

War Eagle Mining has agreed to acquire Champagne Resources by issuing an aggregate of 21,990,276 common shares to shareholders in exchange for outstanding share purchase warrants.

War Eagle Mining has agreed to acquire Champagne Resources by issuing an aggregate of 21,990,276 common shares to shareholders in exchange for outstanding share purchase warrants.

War Eagle company is engaged in mining and exploration, while Champagne Resources, is focused on the exploration of mineral resources. Both companies are based in Canada.

SIMEC Mining has entered a binding agreement with Glencore to acquire Tahmoor Coal, an underground mining company.

SIMEC is an iron ore mining company based in the UK, while Glencore is a commodity trading and mining company based in Switzerland.

“Blaze International will issue 48,520,012 fully paid ordinary shares to Everest shareholders as part of the deal.”

Altair Resources has signed a letter of intent to acquire Rhenium Alloys by issuing 9.64 million common shares to the target company’s shareholders. The amount represents approximately 16.2% of Altair’s issued and outstanding common shares.

Based in Canada, Altair is engaged in the exploration of zinc, silver, gold, lead and lithium metals. US-based Rhenium is focused on the exploration of zinc, lead and silver metals.

Uranium exploration company Blaze International has agreed to acquire 100% interest in investment holding company Everest Minerals.

Blaze International will issue 48,520,012 fully paid ordinary shares to Everest shareholders as part of the deal.

Both companies involved in the acquisition are based in Australia.