Dutch manganese supplier Meridian Mining NV is to fully acquire the issued and outstanding common shares of Canadian metals and gem exploration company Cancana Resources Corp in a definitive share exchange agreement.
Common shareholders of the target company will receive 0.4% of the acquirer company shares, representing a 11.5% stake in the Meridian.
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The acquirer company will also attain full ownership of Brazil Manganese Corporation, its joint venture with Cancana.
Canadian mineral exploration firm American Creek Resources Ltd is set to acquire a private company from a third-party also based in Canada, by issuing seven million common shares priced at C$0.08 ($0.06) a share, based on its closing price on 30 September 2016.
The acquisition will give American Creek Resources ownership of a property package that includes 850ha of mineral claims located roughly 8km north-east of Stewart.
The vendor will hold rights to earn 2% net smelter royalty from the assets, with the buyer able to optionally buy back 1% for C$2m.
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By GlobalDataThe transaction is valued at C$0.56m ($0.43m) and is subject to approval by the TSX Venture Exchange.
Japanese construction equipment maker Hitachi Construction Machinery has signed an agreement to acquire a 100% stake in Bradken Limited for A$688.5m ($527.09m) in an all-cash off market transaction that represents A$3.25 ($2.48).
Based in Australia, the target company manufactures and supplies capital products for the mining, transport, general industrial and contract manufacturing sectors.
