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.
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.
The 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.